Have you ever entered some transactions, and found out that you made a mistake in entering it, or wanted to delete the transaction, but could not find it? Look in your general ledger. Your general ledger is a vitally important part of your accounting simply because it holds all of the acount data by date per account in your financial records. It has a debit or credit balance based upon what type of account it is (asset, liability, owner's equity, expense, sales). It is also where where you can track a transaction that you entered into your books. So, if you are ever wondering where to look once you enter a transaction, check the general ledger, and you'll find it!