{"id":493,"date":"2020-11-19T12:00:18","date_gmt":"2020-11-19T12:00:18","guid":{"rendered":"https:\/\/pretty-books.com\/blog\/?p=493"},"modified":"2022-06-07T12:53:45","modified_gmt":"2022-06-07T19:53:45","slug":"scrubbing-the-general-ledger-gl","status":"publish","type":"post","link":"https:\/\/prettybooks.com\/magazine\/2020\/11\/19\/scrubbing-the-general-ledger-gl\/","title":{"rendered":"Scrubbing the General Ledger (GL)"},"content":{"rendered":"

Scrubbing the GL<\/h1>\n

Verb. [skruhb\u2022beeng\u2022thuh\u2022gee\u2022elle]<\/h5>\n
    \n
  1. Accrued Dictionary definition:<\/strong> A spring cleaning of a company\u2019s general ledger. Each quarter, accountants get on their hands and knees to make sure the general ledger has been thoroughly primped and polished throughout the year. Sometimes the ledger is shiny and clean, but sometimes there might be a dust bunny or two lurking behind the fridge. Either way, you can be sure that after Scrubbing the GL, the place is spotless.<\/li>\n<\/ol>\n

    \u00a0 \u00a0 \u00a0\/\/Make sure you sweep under Q2 when you\u2019re scrubbing the GL. You never know what might be hiding under there.\u201d<\/em><\/p>\n

      \n
    1. Textbook definition: <\/strong>A double check of the general ledger to be sure that there are no errors in the records.<\/li>\n<\/ol>\n

      \u00a0 \u00a0 \u00a0\/\/Once a quarter accountants can be found scrubbing the GL to make sure all information is accurate and accounted for. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

      Your accountant mentioned “scrubbing the general ledger” the other day. You couldn’t find what it meant on the internet, so you assumed it’s something along the lines of doing the dishes, but on numbers in your general ledger. You’ll probably decide to ask her later, but for right now, here’s what she really means when she says “scrubbing the GL.”<\/p>\n","protected":false},"author":7,"featured_media":1089,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"aside","meta":[],"categories":[28],"tags":[],"yoast_head":"\nScrubbing the General Ledger (GL) - Pretty Books Magazine<\/title>\n<meta name=\"description\" content=\"Your accountant mentioned "scrubbing the general ledger" the other day. You couldn't find what it meant on the internet, so you assumed it's something along the lines of doing the dishes, but on numbers in your general ledger. 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