Posting

Is the process of transferring information from the journal to the ledger. Posting is the third critical step in the process of preparing financial reports.

The posting process consists of four steps:

1. Write the date of the transaction in the accounts sate column.
2. Write the amount of the transaction in the debit or credit column, and enter the new balance in the balance column under debit or credit.
3. Write the page number of the journal in the posting reference column of the ledger account.
4. Record the ledger account number in the posting preference column of the journal.