> ## Documentation Index
> Fetch the complete documentation index at: https://docs.blnkfinance.com/llms.txt
> Use this file to discover all available pages before exploring further.
# General Ledger
> Learn how to use the General Ledger to organize the flow of funds in your application.
export const CtaCallout = props => {
const {title, buttonLabel, href, trackingEvent, buttonTarget, rel = "noopener noreferrer", children} = props;
const handleCtaClick = () => {
if (typeof window === "undefined" || !trackingEvent) {
return;
}
try {
window.dispatchEvent(new CustomEvent("blnk:docs-cta", {
detail: {
name: trackingEvent,
href
}
}));
} catch {}
try {
window.posthog?.capture?.(trackingEvent, {
href
});
} catch {}
const gaPayload = {
cta_href: href
};
try {
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} catch {}
try {
window.dataLayer = window.dataLayer || [];
window.dataLayer.push({
event: trackingEvent,
...gaPayload
});
} catch {}
};
const isExternal = typeof href === "string" && (/^https?:\/\//i).test(href);
const target = buttonTarget ?? (isExternal ? "_blank" : undefined);
const linkRel = isExternal ? rel : undefined;
return ;
};
A general ledger is conventionally defined as the accounting record of a company or organization.
The General Ledger is an in-built ledger made to group balances that represent accounts/wallets owned by your organizaton (Chart of Accounts). The balances grouped by the General Ledger are called [internal balances](/balances/internal-balances).
***
## Why you need a General Ledger
The Blnk Ledger is a tool to not only record the transactions happening between user balances in your system, but also for transactions happening between you (the organization) and your users.
Most financial products earn revenue from processing fees, card creation fees, etc. They also have to remit account or BaaS provider fees, or pay out interest and commissions to their users. It is best practice to have these transaction activities represented in your Ledger.
Since all transactions require a source and destination, these internal balances have to be created and grouped for easy navigation and reference, hence, the General Ledger.
Organization-owned General Ledger balances.
Structure ledgers for your product.
***
## Key functions of the General Ledger
1. **Recording user transactions in & out of your system:** The General Ledger captures and organizes transactions between user balances and external sources or destinations, simplifying the tracking of funds flowing into or out of your system.
2. **Tracking organization-to-user transactions:** It also tracks transactions between your organization and its users, covering aspects like fees, interest payouts, and other financial interactions.
3. **Facilitating compliance and audits:** By keeping all financial flows organized, the General Ledger aids in regulatory compliance and simplifies the auditing process.
4. **Supporting Revenue Management:** The General Ledger enables you to track sources of revenue, such as transaction fees, ensuring accurate financial reporting and transparency.
***
## Need help?
We are very happy to help you make the most of Blnk, regardless of whether it is your first time or you are switching from another tool.
To ask questions or discuss issues, please [contact us](mailto:support@blnkfinance.com) or [join our Discord community](https://discord.gg/7WNv94zPpx).
Sign up and manage your ledger with our back-office dashboard. You can invite teammates to collaborate and manage your ledger operations directly from the dashboard.