A General Ledger in QuickBooks, both Online and Desktop versions, is a comprehensive financial record that serves as the backbone of a company’s accounting system. It contains a detailed account of all financial transactions, including assets, liabilities, income, expenses, and equity. This central repository organizes and summarizes data from various sub-ledgers, such as accounts receivable and accounts payable. In QuickBooks, the General Ledger is automatically updated in real-time as transactions are entered, providing an up-to-date snapshot of a company’s financial position. Users can generate reports directly from the General Ledger, including balance sheets and profit and loss statements, which are crucial for financial analysis and decision-making.