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General Ledger (GL): Definition, Significance, Implementation

Nanonets

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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What are GL Codes and how to assign them effectively?

Nanonets

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. GL Codes are not just about keeping things neat; they're about making smarter financial decisions, simplifying tax time, and ensuring your business runs smoothly. What are GL Codes?

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Chart of Accounts – How to Get Organized & Efficient

AvidXchange

Chart of Accounts 101 A chart of accounts (COA) is a list of all accounts—including asset, liability, expense, revenue, and equity—that are included in a business’s general ledger. Accounts are listed in the order that they appear on a company’s financial statements, such an income statement or balance sheet.