Accounting Tools

FEBRUARY 26, 2024

What is a General Ledger? A general ledger is the master set of accounts that summarize all transactions occurring within an entity. The general ledger is comprised of all the individual accounts needed to record the assets , liabilities , equity , revenue , expense , gain , and loss transactions of a business.

General Ledger 75

General Ledger Bookkeeping Financial Statements Auditing 75

Accounting Tools

MARCH 26, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger and general journal are both components of a double-entry accounting system. When an accounting transaction occurs, it is first recorded in the accounting system in a journal.

General Ledger 75

General Ledger Financial Statements Bookkeeping Accounting Software 75

Compleatable

MAY 1, 2025

Together, our unique offerings provide an opportunity for users to revolutionize their financial and accounting processes like never before. Fintainium combines world-class domestic and international money movement products with workflow, accounting, and reconciliation automation.

General Ledger 100

General Ledger AR AP Accounts Payable 100

Compleatable

JANUARY 20, 2025

Purchase Invoice Management Software is increasingly becoming an essential tool for businesses aiming to streamline their purchasing and accounts payable processes. Faster Approval Workflows : Invoice management solutions typically extend basic approval workflow that are found in accounting systems. See Types of Invoice Fraud.

Invoicing 100

Invoicing QuickBooks Accounts Payable Accounts Payable 100

Bookkeeping Express

DECEMBER 30, 2024

In a shocking turn of events, Bench Accounting, once a prominent player in the bookkeeping space, has ceased operations, leaving many small business clients scrambling to figure out what to do next. What Happened to Bench Accounting? Unlimited Time: Schedule time with your accountant as you need it – just a calendly away.

General Ledger 64

General Ledger Bookkeeping Accounting Accounting 64

Nanonets

MAY 6, 2024

General Ledger Reconciliation The General Ledger (GL) is a silent custodian of a company's financial narrative. It is a record of all financial transactions of an enterprise and provides a comprehensive account of the organization's monetary activities.   What is the General Ledger?

General Ledger 52

General Ledger Reconciling Data Entry Payroll 52

Insightful Accountant

JUNE 6, 2025

With over 400 employees and a Top 100 ranking, WISS is leading the way in post-COVID flexibility, non-traditional hiring, and strategic tech investments. 🔗 Learn more: [link] 🔗 Connect with Paul: / ppeterson1 Expand IA Newsletter Like what youre reading?

General Ledger 52

General Ledger Accounting Accounting Payroll 52

Remote Quality Bookkeeping

JULY 28, 2023

When you first started out, you were paying for business expenses out of your personal bank account and tracking your accounts payable and accounts receivable using different methods or separate software programs. That’s where a general ledger comes in. What is a General Ledger?

General Ledger 52

General Ledger Small Business Bookkeeping Bookkeeping Financial Statements 52

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?

General Ledger 52

General Ledger Data Entry Invoicing Accounts Payable 52

Xero

FEBRUARY 22, 2023

My view of entrepreneurship was formed at a very young age when I helped my parents (who were doctors running their own medical practice) hand complete their general ledger and file their taxes year after year. In our small hometown of St.

XERO 264

XERO General Ledger Tax Accounting 264

Nanonets

JULY 21, 2023

Maintaining accurate financial records is vital for any business, and the general ledger, as the central repository of financial transactions, plays a critical role in this process. Ensuring the accuracy and integrity of the general ledger requires regular reconciliation. What is general ledger reconciliation?

General Ledger 52

General Ledger Financial Reporting Reconciling Financial Records 52

Xero

JUNE 6, 2025

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. One way to do this easily is by generating the Payroll Activity Summary report and comparing it with the General Ledger report.

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Xero

MAY 17, 2022

Reconcile your accounts, comparing the Payroll Activity Summary report and the General Ledger. The easiest way to do this is to run the Payroll Activity Summary report and compare this to the General Ledger report. . You can run both reports for a custom date range to help identify any discrepancies.

Payroll 246

Payroll General Ledger XERO Reconciling 246

Jetpack Workflow

DECEMBER 4, 2024

There are two main schools of thought regarding artificial intelligence (AI) among accountants: those who believe AI might replace their jobs and others who are excited about how much more productive and effective it can help their firm become.

General Ledger 52

General Ledger Accounting Accounting Auditing 52

Accounting Tools

AUGUST 18, 2024

What is Posting in Accounting? Posting in accounting is when the balances in subledgers and the general journal are shifted into the general ledger. Posting only transfers the total balance in a subledger into the general ledger, not the individual transactions in the subledger.

General Ledger 40

General Ledger Financial Statements Bookkeeping Accounts Receivable 40

Xero

JUNE 30, 2022

Here are the most recent design changes in Xero: We’ve made improvements to the design and layout of bank reconciliation within the Xero Accounting app, to make your experience easier and more accessible (iOS and Android). This enhancement means you can make adjustments that are not sent back to the general ledger from within the return.

XERO 279

XERO General Ledger Bank Reconciliation Tax 279

Xero

AUGUST 29, 2023

In addition, it should be simple for an administrator or external accountant to quickly see the history of any expense to ensure maximum compliance. Integrating All Your Expenses With Your Accounting System The final consideration for balancing compliance with automation is how your expenses are ultimately recorded in your general ledger.

Expense Reports 246

Expense Reports XERO Data Entry General Ledger 246

Xero

SEPTEMBER 7, 2022

None more so than you all — our valued accounting and bookkeeping partners — who have helped your clients navigate a digital acceleration and shift their business models to survive (and thrive). . the option to automatically group accounts according to their account code. foreign currency columns and disclosures in new reports.

XERO 264

XERO Payroll General Ledger Bank Reconciliation 264

Xero

JUNE 15, 2022

EzzyBills was co-founded by Michael and Li Fitzmaurice in 2014 in Australia, after Michael had been creating tools supporting older, legacy accounting software to keep inventory and sales information up-to-date. Out with the old, in with the new. The biggest benefit of EzzyBills for our users is the amount of time saved.

XERO 246

XERO Data Entry General Ledger Accounting Software 246

Xero

SEPTEMBER 5, 2022

Xero recently hosted Xerocon New Orleans , one of the most anticipated events on the calendar for cloud accounting leaders. We were excited to reconnect with hundreds of accounting and bookkeeping partners in the United States and Canada, and share the latest product developments across Xero, three years on from Xerocon San Diego in 2019.

XERO 246

XERO Data Entry General Ledger Bookkeeping 246

Accounting Tools

JUNE 12, 2023

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook The reconciliation of accounts receivable is the process of matching the detailed amounts of unpaid customer billings to the accounts receivable total stated in the general ledger. This is the most common reason for a difference.

Reconciling 75

Reconciling Accounts Receivable Accounts Receivable Account Receivables 75

Accounting Tools

DECEMBER 19, 2023

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. The key accountancy tasks are noted below. There are also a number of business transactions that are non-repetitive in nature, and so require the use of journal entries to record them in the accounting records.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Accounting Tools

JUNE 25, 2024

What is a T Account? A T account is a graphic representation of a general ledger account. The name of the account is placed above the "T" (sometimes along with the account number). The grand total balance for each "T" account appears at the bottom of the account.

General Ledger 98

General Ledger Accounting Accounting Accounts Payable 98

Accounting Tools

JUNE 7, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Closing the Books Posting in accounting is when the balances in subledgers and the general journal are shifted into the general ledger. Posting has been eliminated in some accounting systems, where subledgers are not used.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Xero

AUGUST 14, 2024

These improvements support more streamlined accounting, enabling small businesses to save time and have greater control over their cash flow. We’re dedicated to continuously improving Xero to make it the best accounting solution for North American businesses. Here’s a look at what we announced. I’m excited to share our progress.

XERO 246

XERO 1099 Preparation General Ledger Bank Reconciliation 246

Accounting Tools

MARCH 24, 2023

Related Courses How to Audit Liabilities Payables Management Before closing the books at the end of each reporting period , the accounting staff must verify that the detailed total of all accounts payable outstanding matches the payables account balance stated in the general ledger.

Reconciling 75

Reconciling Accounts Payable Accounts Payable General Ledger 75

Xero

JULY 11, 2022

Soon, we’ll be adding more reports into Xero — including General Ledger, Journal and Bank Reconciliation reports — as well as introducing foreign currency into new reports. As you can see, there’s plenty of value to discover in our new reports right now. But our teams are working hard to build on this even further in the months ahead.

XERO 264

XERO General Ledger Financial Analysis Bank Reconciliation 264

Accounting Today

APRIL 30, 2025

In an ideal world, your general ledger is streamlined, automated, and error-free financial reconciliations. Yet, in reality, when it comes to reconciling, most accountants still find themselves defaulting to Excel.

General Ledger 100

General Ledger Reconciling Accounting Accounting 100

Accounting Tools

JULY 24, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. First, what do we mean by "financial" accounting? Accounts receivable. Accounts payable.

Financial Accounting 75

Financial Accounting General Ledger Accounting Accounting 75

Accounting Tools

MAY 19, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Ledger Account? A ledger account contains a record of business transactions. Terms Similar to Ledger Account A ledger account is also known as an account.

General Ledger 75

General Ledger Accounting Accounting Reconciling 75

Xero

MAY 16, 2023

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. One way to do this easily is by generating the Payroll Activity Summary report and comparing it with the General Ledger report.

XERO 55

XERO Payroll General Ledger Reconciling 55

Remote Quality Bookkeeping

APRIL 14, 2025

It involves tracking every dollar that goes in and out of your accounts, ensuring your financial records are accurate and up to date. While bookkeeping and accounting are often used interchangeably, they are different. Bookkeeping focuses on recording financial data , while accounting involves interpreting and analyzing that data.

Bookkeeping 52

Bookkeeping Small Business Bookkeeping General Ledger Accruals 52

Xero

MAY 13, 2024

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. One way to do this easily is by generating the Payroll Activity Summary report and comparing it with the General Ledger report.

XERO 264

XERO Payroll General Ledger Reconciling 264

Accounting Tools

JULY 19, 2023

What is an Accounting Schedule? An accounting schedule is a supporting document that provides additional details or proof for the information stated in a primary document.

General Ledger 75

General Ledger Accounting Accounting Accounts Payable 75

Accounting Tools

JULY 21, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Accounting? Accounting is the systematic recordation of the financial transactions of a business. In essence, the term implies that an individual is tasked with the most common ongoing accounting transactions.

Bookkeeping 75

Bookkeeping General Ledger Accounting Accounting 75

Xero

MAY 17, 2023

For example: you ‘sort by account code’ in old reports, whereas in new reports (like the General Ledger Detail report) you ‘group or summarise by account code & name’. Over the last year, we’ve encouraged you to have a play with new reports so you get used to how they work.

XERO 264

XERO General Ledger Accounting Accounting 264

Accounting Tools

JUNE 12, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Subsidiary Ledger? A subsidiary ledger stores the details for a general ledger control account. Types of Subsidiary Ledgers A subsidiary ledger can be set up for virtually any general ledger account.

General Ledger 75

General Ledger Bookkeeping Financial Statements Accounts Payable 75