Deidre Henry ThursdayApr 25 at 9:47pm 2 critical steps in the accounting cycle are posting to the general ledger and adjustments. Posting to the general ledger involves recording information in the ledger accounts that is contained in the journal. This will keep the books accurate. This ledger will keep the information organized as entries occur. Adjustments help in ensuring that financial results are in compliance and can reflect income and expenses more accurately. Reply to post