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U.S. Department of Justice Federal Bureau of Prisons9FederalCorrectionalComplex Terre Haute, Indiana March 04, 2013FacilitiesDepartmentMEMORANDUM FOR:FROM:SUBJECT:Director, Office of Federal and State
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Begin by gathering all the necessary financial data, including balance sheets, income statements, and cash flow statements.
02
Review the financial data and ensure its accuracy and completeness.
03
Organize the financial data according to the general ledger accounts.
04
Record the financial transactions in the general ledger accounts. This involves posting debit and credit entries for each transaction.
05
Reconcile the general ledger accounts to ensure that the balances are accurate and match with the corresponding subsidiary ledgers.
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Prepare the trial balance by compiling the ending balances of all the general ledger accounts.
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Analyze the trial balance to identify any errors or discrepancies.
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Make necessary adjustments to correct any errors or discrepancies.
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Prepare the final general ledger report, which includes the trial balance and any required supporting schedules or disclosures.
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Review the general ledger report for completeness and accuracy before finalizing and submitting it.

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The GL report, or General Ledger report, is a financial statement that summarizes all transactions recorded in the general ledger of an organization.
Organizations that maintain financial records and are required to provide financial statements, including corporations and certain partnerships, are required to file the GL report.
To fill out the GL report, an organization must compile all financial transactions, categorize them correctly, and ensure that all entries are reconciled with the general ledger before submission.
The purpose of the GL report is to provide a comprehensive overview of an organization's financial activities, help in audits, and ensure compliance with financial regulations.
The GL report must include account balances, transaction details, and any adjustments made during the reporting period.
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