Jetpack Workflow

MARCH 23, 2023

Complete Reconciliations for All Bank Accounts and Credit Cards A typical reconciliation process for bank accounts and credit cards includes looking for discrepancies between each account and its general ledger counterpart. The goal is to ensure payments to all employees are correct, including bonuses, commissions, and other benefits.

Reconciling

AvidXchange

SEPTEMBER 19, 2017

Roll forward fixed assets: prepaid, expense accruals, etc. Review standard/recurring journal entries for completeness Run the critical financial reports, particularly the trial balance and general ledger to give them the “eye test.” Perform reconciliations: bank, credit card, inventory, etc.

Billing

Cloud Accounting Podcast

JUNE 28, 2020

They'll do cash, or accrual accounting. Then, the bigger you are, the more they're gonna charge you. They're not gonna charge you $500 a month if you're a $10 million-a-year business. [00:11:41] They also have accrual accounting, but it's pretty much similar, other than that. That's why all these companies are making moves.

Bookkeeping