What document lists all financial transactions made by a healthcare organization?

The general ledger is the key financial document that records all financial transactions made by a healthcare organization. It serves as the central repository for the organization’s financial data and consolidates all the accounts and transactions within the organization. Each transaction is recorded in detail, including the date, amount, and nature of the transaction, allowing for thorough tracking and auditing of financial activities.

The general ledger is critical for preparing financial statements and conducting financial analyses, as it provides a complete and systematic record of all transactions. This makes it an indispensable tool for financial management, as it helps ensure accuracy and accountability within the organization’s financial operations.

In contrast, the income statement summarizes revenues and expenses over a certain period, focusing on profitability rather than detailing individual transactions. The balance sheet provides a snapshot of the organization’s assets, liabilities, and equity at a specific point in time, which does not encompass the transactional detail. The cash flow statement illustrates the cash inflows and outflows over a specific time frame, but it does not capture every transaction in the same manner as the general ledger.