General Ledger. The record-keeping system for a company’s financial data. It categorizes transactions using the company’s Chart of Accounts, and provides a record of every financial transaction over the operating life ... Read MoreRead More
Gross Margin. A percentage equal to Gross Profit divided by Revenue in the same period. It describes how profitable the company is after deducting the Cost of Goods Sold, but before ... Read MoreRead More
Gross Profit. Equals Revenues less Cost of Goods Sold. It describes the profit a company made after deducting Cost of Goods Sold, but before deducting sales, administrative, and other expenses. ... Read MoreRead More