What are GL Codes and how to assign them effectively?
Nanonets
FEBRUARY 14, 2024
For example, all asset accounts might start with the number 1 (e.g., 1010 for Cash, 1020 for Accounts Receivable, etc.). Regular Reconciliation: At month-end, reconcile the accounts payable to ensure that all purchases, including the office supplies, are accurately accounted for and that the payment liabilities are clear.
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