Nanonets

FEBRUARY 28, 2024

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health?

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General Ledger Data Entry Invoicing Accounts Payable 52

Nanonets

FEBRUARY 14, 2024

In the world of business, keeping track of money matters is crucial, and that's where General Ledger Codes, or GL Codes, come into play. General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger.

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Nanonets

MAY 7, 2023

Billion in 2020 only for North American regions. The process of credit card reconciliation may be integrated into the software you use for accounting, as it is in QuickBooks; however, it is also possible that you will need an additional tool like accounting automation software to assist you with this process.

Bank Reconciliation 52

Bank Reconciliation General Ledger Reconciling Accounts Receivable 52

MineralTree

APRIL 6, 2023

They are commonly used within the finance department, including accounts payable , accounts receivable, and purchasing. They are especially critical for accounting teams; so much so that 89% of companies view them as a necessity for the department.

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AP QuickBooks Invoicing Accounts Payable 64

Nanonets

MAY 11, 2023

In medium and large sized companies, invoice processing is part of the Accounts Payable (AP) process.  The The accounts payable invoice processing personnel record the invoice in ledgers with an identifying code (the General Ledger or GL code). How to process invoices?

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Invoice Processing Invoicing AP Accounts Payable 52

AvidXchange

APRIL 10, 2019

Tedious as it may seem, every business transaction needs to be recorded in the right account. The problem, however, is that unless you have automated accounts payable software, finding the correct account isn’t always such a simple task. Fortunately, a chart of account can help you with that.

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Accounting Accounting QuickBooks Petty cash 40

Future Firm

APRIL 10, 2022

If you want proof, you can read Scalefactor CEO’s message about why their $100M venture-backed accounting service operation shut its doors in 2020: It’s easy to get wrapped into just focusing on technology and automation, but the future of accounting is very much still people-driven. Bill.com or Plooto for bill pay.

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Accounting Accounting XERO Bookkeeping 111