General ledger

Concept

The main bookkeeping record of a company that collects all financial transactions by account; in Dynamics 365 Finance it is the official home for every posted money movement.

Title graphic: General ledger (Concept)

Type	Concept
Wikipedia	en.wikipedia.org/wiki/General_ledger

Key points about General ledger

Runs from the first purchase request through the general ledger, budgeting, reporting, security and the wider Microsoft platform. · Dynamics 365 Finance - Simply Explained
The general ledger is the company's master financial record behind Dynamics 365 Finance, bringing together entries from payments, invoices, inventory, payroll, bank transactions and taxes. · Dynamics 365 General Ledger - Simply Explained
The general ledger is the filing cabinet and Financial Reporting is the report room. · Dynamics 365 Financial Reporting - Simply…

Episodes about General ledger

Dynamics 365 Finance - Simply Explained

2026-08-16 · Video on YouTube

Finance teams lose time when budgets, invoices and bank data live in different spreadsheets and systems. This Knowledge Nugget explains Dynamics 365 Finance in plain English for business users, managers and newcomers to ERP, from the first purchase request to…

Dynamics 365 General Ledger - Simply Explained

2026-08-19 · Video on YouTube

Dynamics 365 General Ledger provides the central financial record behind Dynamics 365 Finance. Customer payments, supplier invoices, inventory movements, payroll, bank transactions, taxes, accruals, and other financial events ultimately affect the company's…

Dynamics 365 Financial Reporting - Simply Explained

2026-08-19 · Video on YouTube

Dynamics 365 Financial Reporting turns the financial data already posted in Dynamics 365 Finance into structured reports that finance teams, managers, auditors, and executives can actually use. Instead of rebuilding financial statements in multiple…

Timeline of episodes about General ledger

Articles about General ledger (2)

Dynamics 365 FIFO vs Weighted Average Costing: Which Method Should Your Warehouse Use?
2026-08-20 · Mirko Peters
Compare FIFO and weighted average costing in Dynamics 365 Inventory Management. Learn how to choose the right costing method for your warehouse.
Mastering Financial Dimensions in Dynamics 365 Finance
2026-08-16 · Mirko Peters
Learn how to use financial dimensions in Dynamics 365 Finance to track costs by department, cost center, and project without cluttering your general ledger.

Frequently asked questions

Which topics does the Finance episode cover?

The path from the first purchase request through the general ledger, budgeting, reporting, security and the wider Microsoft platform. · From the episode: Dynamics 365 Finance - Simply Explained

What is the general ledger in Dynamics 365?

It is the company's master financial record, bringing financial transactions into one consistent, traceable accounting structure of debit and credit entries organized into accounts such as cash, sales revenue, inventory and accounts payable. · From the episode: Dynamics 365 General Ledger - Simply Explained

What is Dynamics 365 Financial Reporting?

It is the Dynamics 365 Finance capability to create, maintain, generate and view financial statements based on general ledger information, using main accounts, financial dimensions, reporting categories and predefined report structures. · From the episode: Dynamics 365 Financial Reporting - Simply…

Why does the general ledger matter for reporting?

Every useful financial report starts with correctly structured accounting data. The ledger holds the financial impact of invoices, bills, payroll, bank payments and adjustments, assigned to main accounts. · From the episode: Dynamics 365 Financial Reporting - Simply…

Glossary

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Sources

Wikipedia: en.wikipedia.org/wiki/General_ledger
Feed for this topic (RSS): entity/general-ledger/feed.xml
M365.FM episodes on this topic: 3
Articles on this topic: 2

Maintained by Mirko Peters (Microsoft MVP) · Last updated: 2026-11-03