General ledgers contain four parts: the chart of accounts, financial transactions, account balances and accounting periods. Generally, accountants refer to the accounts from the chart of accounts ...

Chart of accounts (CoA): A list of every account in the general ledger, somewhat comparable to a table of contents. Journal entry: The record of a single transaction.

The chart of accounts is the numbering system used by the University's Enterprise Resource Planning (ERP) system, Banner, to record financial transactions. Banner uses what is known as a FOAPAL string ...

In general, a business accounting system is designed to keep track of where money comes from and where it goes. Usually, businesses will keep both a journal and a ledger for accounting purposes.