Nolan Accounting Center

JUNE 15, 2025

Accurate bookkeeping is essential for the success of every business enterprise. And central to accurate bookkeeping is the concept of double-entry accounting, where debit and credit entries are used to record all transactions. An expert small business accounting company provides the following services: Bookkeeping.

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General Ledger Small Business Accounting Accounting Accounting 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?

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General Ledger Data Entry Invoicing Accounts Payable 52

accountingfly

APRIL 24, 2025

The post Top Remote Audit, Tax and Accounting Candidates | April 24, 2025 appeared first on Accountingfly. Sign up now to check out Top Candidates.

Auditing 52

Auditing Tax CPA Accounting 52

Jetpack Workflow

DECEMBER 4, 2024

And that’s a whole different avenue where AI and generative AI can help firms continue to be really productive and create new value for their clients.” Put it into practice: Adopt AI-powered accounting or bookkeeping software that empowers non-tax and accounting employees to produce “ready-to-review” work for CPAs and senior accountants.

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General Ledger Accounting Accounting Auditing 52

Accounting Tools

DECEMBER 28, 2023

A trial balance is an accounting report that states the ending balance in each general ledger account. The purpose of a trial balance is to ensure that all entries made into an organization's general ledger are properly balanced. A trial balance lists the ending balance in each general ledger account.

General Ledger 75

General Ledger Record Keeping Financial Statements Auditing 75

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.

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Reconciling Accounts Receivable Accounts Receivable Account Receivables 75

Billah and Associates

MAY 23, 2018

Bookkeeping vs Accounting For most people bookkeeping and accounting would seem like the same thing. They aren’t to blame really, because both bookkeeping service and accounting service are actually part of the financial cycle that a company follows. The fundamental difference bookkeeping vs accounting is the nature of the work.

Bookkeeping 52

Bookkeeping General Ledger Bookkeeping Services Financial Statements 52

Accounting Tools

MAY 21, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Journal Entry? A journal entry is usually recorded in the general ledger ; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.

General Ledger 75

General Ledger Financial Statements Accruals Payroll 75

Bookkeeping Express

APRIL 26, 2023

Our blogs regularly detail how professional bookkeeping can help businesses survive and thrive beyond simply recording transactions and preparing tax filings, like driving profitability with financial reporting , forecasting cash flow , and optimizing your accounts receivable. To list just a few: Accounts receivable reconciliation.

Bookkeeping 52

Bookkeeping Purchase Order General Ledger Reconciling 52

Jetpack Workflow

MAY 19, 2023

It makes your work as a bookkeeper easier , more accurate, and more efficient, leading to greater satisfaction for you and your clients. This guide provides you with a straightforward client folder template that many bookkeepers use to operate more accurately and efficiently.

Bookkeeping 52

Bookkeeping General Ledger Payroll Account Receivables 52

Accounting Tools

DECEMBER 20, 2023

In most cases, an accounting entry is made using the double entry bookkeeping system , which requires one to make both a debit and credit entry, and which eventually leads to the creation of a complete set of financial statements. What is an Accounting Entry? An accounting entry is a formal record that documents a transaction.

Accruals 75

Accruals Accounting Accounting General Ledger 75

Accounting Tools

APRIL 4, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Petty Cash Book? In most cases, the petty cash book is an actual ledger book, rather than a computer record. This format makes it easier to record petty cash activity in the general ledger.

Petty cash 75

Petty cash General Ledger Record Keeping Computation 75

Accounting Tools

NOVEMBER 1, 2023

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook An accountant is a person who records business transactions on behalf of an organization, reports on company performance to management, and issues financial statements. A CPA license is required before a person can audit the books of a client organization.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Less Accounting

FEBRUARY 16, 2023

Figuring out the basics of bookkeeping and finding a reliable bookkeeper is the nightmare of every small business owner just starting. However, as the business grows, so do the bookkeeping needs, which is why you should consider stepping up your bookkeeping game. What Is Full Charge Bookkeeping?

Bookkeeping 52

Bookkeeping Certified Bookkeeper General Ledger Bookkeeping Services 52

Accounting Tools

OCTOBER 22, 2024

The total of the transactions in the subledger roll up into the general ledger. A summary-level entry is periodically recorded in the general ledger. A general ledger contains the master set of accounts for an organization, in which all transactions are recorded (other than those recorded in subledgers).

General Ledger 40

General Ledger Financial Statements Reconciling Bookkeeping 40

Accounting Tools

JULY 17, 2024

The imprest balance is the amount of cash stated in the general ledger for the petty cash account. Instead, when cash is issued to replenish a petty cash box , the debit is to the expenses for which cash was paid, while the credit is to the general cash account. What is an Imprest Balance? This amount does not change.

Petty cash 52

Petty cash General Ledger Bookkeeping Auditing 52

Nanonets

MAY 8, 2023

This is where bookkeeping comes in. Worst case – your business may not survive a financial audit at tax time without the proper records. Best case, you could end up with an expensive tangle to sort out when you hire the right bookkeeping help. Now you may need to know: what is bookkeeping? What is bookkeeping?

Bookkeeping 52

Bookkeeping Financial Statements Accounting Software Reconciling 52

Accounting Tools

JUNE 12, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are Books of Original Entry? The information in these books is then summarized and posted into a general ledger , from which financial statements are produced. This concept only applies to manual record keeping.

General Ledger 40

General Ledger Record Keeping Reconciling Financial Statements 40

Invoicera

NOVEMBER 14, 2024

Freshbooks FreshBooks is an online accounting solution tailored for financial services, making invoicing and bookkeeping effortless. Designed with RIA compliance in mind, AdvicePay meets regulatory needs, so you stay audit-ready. Automate GL (general ledger) coding and workflows, ensuring all entries are consistent and error-free.

Financial Services 52

Financial Services Invoicing Billing Financial Reporting 52

Accounting Tools

FEBRUARY 3, 2024

A cash receipts journal is a subsidiary ledger in which cash sales are recorded. This journal is used to offload transaction volume from the general ledger , where it might otherwise clutter up the general ledger. The cash receipts journal is most commonly found in manual accounting systems.

General Ledger 40

General Ledger Bookkeeping Accounts Receivable Account Receivables 40

Accounting Tools

MAY 14, 2023

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook Overview of Accounts Receivable When goods or services are sold to a customer , and the customer is allowed to pay at a later date, this is known as selling on credit , and creates a liability for the customer to pay the seller.

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables General Ledger 75

Accounting Tools

APRIL 8, 2024

For example, the initial funding of a petty cash box is $300, and this amount is recorded in the corresponding general ledger account for petty cash. This amount does not change in the general ledger, even though the amount of cash in the petty cash box will gradually decline as it is paid out and replaced with receipts.

Petty cash 40

Petty cash General Ledger Bookkeeping Auditing 40

Nanonets

JUNE 26, 2024

A bank reconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." Step #4 Now, look for items that are reflected on the bank statement but do not show up on the company's bookkeeping records.

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Bank Reconciliation General Ledger Deposits Reconciling 52

Accounting Tools

SEPTEMBER 7, 2023

However, it can provide a useful audit trail , showing how these aggregate amounts were passed through to retained earnings. Related Articles Account Analysis Account Reconciliation Examples of Key Journal Entries How to Post to the General Ledger The Difference Between Nominal Accounts and Real Accounts What is Posting in Accounting?

General Ledger 75

General Ledger Accounting Accounting Account Reconciliation 75

Accounting Tools

APRIL 14, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Petty Cash Journal? The totals in the journal are then used as the basis for a journal entry into a company's general ledger. Forward the packet to the general ledger clerk.

Petty cash 40

Petty cash General Ledger Bookkeeping Auditing 40

accountingfly

APRIL 18, 2024

Extensive supervisory experience Client niches: professional services, manufacturing, hospitality, retail, etc.

General Ledger 52

General Ledger CPA Accounting Accounting 52

Future Firm

MAY 24, 2023

Take all of your accounting functions into the cloud, not just your general ledger. To read more on this subject, see how I believe blockchain can transform the audit profession and how it might also shake up the world of bookkeeping.

Accounting 98

Accounting Accounting Computation XERO 98

Accounting Tools

JULY 27, 2023

Related Courses Credit and Collection Guidebook Bookkeeping Guidebook Budgeting CFO Guidebook Cost Accounting Fundamentals New Controller Guidebook Payables Management Payroll Management Project Accounting Someone wanting to enter the accounting field can choose to train for a number of possible positions.

General Ledger 40

General Ledger Accounting Accounting Financial Statements 40

Accounting Tools

MARCH 24, 2023

Related Courses Bookkeeping Guidebook Credit and Collection Guidebook How to Audit Receivables What is the Accounts Receivable Ledger? The accounts receivable ledger is a subledger in which is recorded all credit sales made by a business.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables General Ledger 40

Accounting Tools

APRIL 6, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash How to Fund Petty Cash When cash is added to a petty cash fund, the basic concept is to replace the amount of any cash that had previously been disbursed from the fund. Record vouchers in general ledger.

Petty cash 40

Petty cash General Ledger Accounts Payable Accounts Payable 40

Nanonets

JUNE 24, 2024

Credit card reconciliation is the process of ensuring that the credit card transactions match the internal general ledger. All these entries need to be present in the general ledger, which needs to be matched across bank statements, receipts, and credit cards to verify the validity of the expense claim.

General Ledger 52

General Ledger Reconciling Data Entry Invoicing 52

accountingfly

APRIL 25, 2024

FTE Senior Accountant | Candidate ID #19665998 Certifications: NA Education: BS Business Administration Accounting Experience (years): 20 years accounting experience Work experience (detail): 15 in public accounting working with SMBs and nonprofits Full outsourced accounting and financial reporting services 5 years industry at accounting manager, (..)

CPA 52

CPA XERO Accounting Accounting 52

Jetpack Workflow

SEPTEMBER 1, 2024

Review and Adjust Financial Statements At the annual close, you need to thoroughly review the financial statements prepared by your bookkeeping team against the client’s general ledger accounts. What to put on your checklist for this task: Compare financial statements with the general ledger.

General Ledger 52

General Ledger Financial Statements Accounting Accounting 52

Accounting Tools

APRIL 12, 2024

Related AccountingTools Courses Bookkeeper Education Bundle Bookkeeping Guidebook Advantages of a Reconciliation A reconciliation can uncover bookkeeping errors and possibly fraudulent transactions. Related Articles How to Reconcile an Account How to Reconcile the General Ledger Reconciliation Statement Reconciling Item

Reconciling 40

Reconciling General Ledger Account Reconciliation Bookkeeping 40

Accounting Tools

MAY 8, 2023

Related Courses Bookkeeping Guidebook Closing the Books The Year-End Close What is a Trial Balance? The trial balance is an accounting report that lists the ending balance in each general ledger account. The main user of the trial balance is the general ledger accountant (or the bookkeeper in a smaller business).

General Ledger 40

General Ledger Accounts Payable Clerk Financial Statements Accounts Payable 40

Accounting Tools

FEBRUARY 15, 2024

Liability accounts appear in a firm’s general ledger , and are aggregated into the liability line items on its balance sheet. Related AccountingTools Courses Bookkeeper Education Bundle Bookkeeping Guidebook How to Audit Liabilities Related Articles Contingent Liability Current Liability Liability Accounting Long-Term Liabilities

General Ledger 40

General Ledger Accounting Accounting Deposits 40

Nanonets

JULY 21, 2023

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures.

General Ledger 52

General Ledger Account Reconciliation Reconciling Financial Reporting 52