Once you establish accounts and post transactions, you can run reports to view various account information from the data in General Ledger. In other words, General Ledger reports can only pull from information stored within the database for your organization. This is why it is important to consider the account information you want to track for your organization and make sure that account information is entered to meet your needs.

For example, if you want to track fixed expenses and general expenses separately, you could create a General Ledger expense account for each one. If only one account exists for both expenses, you will only be able to see a report that shows data for that account, you will not be able to track the expenses separately. See General Ledger Reports for more information on reports available in General Ledger.