General Ledger

You opened a checking account and got a little checkbook to record all your transactions. In this book, you write down the amount of any credits, like your paycheck or lottery winnings, then you take out any deductions, like rent, utilities, groceries, etc. As you add or subtract amounts, you are able to keep track of how much money you have in your checking account. You're also able to see where you may be overspending, like going to Starbucks for coffee too often, or eating out too much.

Yeah. That's a general ledger.