Accounting Tools

JULY 24, 2023

Transactions A "transaction" is a business event that has a monetary impact, such as selling goods to a customer or buying supplies from a supplier. In financial accounting, a transaction triggers the recording of information about the money involved in the event. The General Ledger The accounts are stored in the general ledger.

Financial Accounting 75

Financial Accounting General Ledger Accounting Accounting 75

Analytix Finance & Accounting

JUNE 24, 2025

When you outsource your accounting, tax preparation becomes an ongoing process rather than a stressful annual event. Your accounting team will track deductions throughout the year, maintain organized documentation, and implement tax planning strategies to optimize your position.

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Accounting Tools

JUNE 8, 2023

How the Accounting Cycle Works The accounting cycle is based on policies and procedures that are designed to minimize errors, and to ensure that financial statements can be produced in a consistent manner, every time. The accounting cycle for individual transactions is noted below.

Financial Statements 75

Financial Statements General Ledger Accounting Accounting 75

Accounting Tools

DECEMBER 20, 2023

Related AccountingTools Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook Types of Accounting Entries There are three primary types of accounting entries, which are noted below. This type of accounting entry is used under both the accrual basis and cash basis of accounting.

Accruals 75

Accruals Accounting Accounting General Ledger 75

Accounting Tools

SEPTEMBER 8, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is the General Journal? The general journal is part of the accounting record keeping system. When an event occurs that must be recorded, it is called a transaction , and may be recorded in a specialty journal or in the general journal.

General Ledger 40

General Ledger Record Keeping Bookkeeping Accounts Payable 40

Nanonets

MAY 2, 2024

It includes core accounting software.   NetSuite cloud accounting software helps your business record and manage transactions, including those related to accounts receivable and accounts payable, close the books, and prepare reports and financial statements.  

Invoicing 52

Invoicing Invoice Processing AP Purchase Order 52

Nanonets

MARCH 12, 2024

Manual R2R Process Some freelancers, startups, and small businesses navigate the Record-to-Report (R2R) process without the sophisticated infrastructure of ERP or dedicated accounting software, especially in their early stages. Data Collection: Manual entry into spreadsheets or simple accounting tools like Excel.

Financial Reporting 52

Financial Reporting Accounting Software Financial Statements Collections 52