First of All - What is a GL Code?
A General Ledger Code (GL Code) is a string of alphanumeric characters assigned to each financial entry in an organization’s ledger. A GL Code can indicate basic information such as a debit or credit by location or provide highly specific details about an entry through a GL String. A GL String is made up of a combination of numbers and groups of numbers that when applied uniformly can categorize every point of information for an entry.