Accounting
What is General Ledger (GL)?
The general ledger (GL) is the complete, authoritative record of all financial transactions of a business, organized by account. It is the foundation of a company's financial statements.
Explanation
Every accounting transaction — revenue, expense, asset, liability, equity — ultimately needs to be recorded in the GL with the correct account code, date, amount, and description. In manual workflows, this means accountants spend time determining the right GL code for each transaction and entering it. This is particularly time-consuming for high-volume document processing like invoices or expense reports. AI-powered GL coding uses machine learning to suggest the correct account code based on vendor, description, and historical patterns — dramatically reducing the manual work of transaction coding. Over time, the model learns from corrections and improves accuracy.
How Rima relates
Rima's Blueprints can include GL coding logic, automatically assigning account codes to extracted transactions based on your chart of accounts and rules.
Explore ERP automationRelated Terms
Journal Entry
A record of a financial transaction in the accounting system, showing which accounts are debited and credited.
Chart of Accounts
A structured list of all financial accounts used in a company's general ledger.
ERP Data Entry
The manual process of entering transaction data from source documents into an ERP system.
ERP Integration
Connecting an external system to an ERP to automatically exchange data without manual re-entry.
See it in action
Rima automates the manual document workflows accounting teams spend hours on every week.