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General Ledger (GL): Definition, Significance, Implementation

Nanonets

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? What is a General Ledger?

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Interview: Year-End Best Practices in a Paper-Based Process with Bill Schiffli

AvidXchange

That’s why we’ve organized a panel of financial thought-leaders and AvidXchange customers to share their personal best practices for a successful year-end closing. Technologies we use include NetSuite , QuickBooks , and ACH. We also use Concur’s easy-to-use business travel and expense management software.

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Save Big: 10 Cost-Effective Alternatives To FreshBooks

Invoicera

A study has also found that over 40% of small businesses switch their financial software within the first two years. Whether you’re a budding entrepreneur seeking simplicity or an established business aiming for scalability, these alternatives might be the transformative leap you’ve been searching for. Let’s get started.

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The Ultimate Expense Management Guide for Businesses

Nanonets

Expense management , at its core, is the methodical process by which a business tracks, verifies, and processes every financial expense incurred in its operations. safeguarding a business from errors, fraud, and compliance nightmares. safeguarding a business from errors, fraud, and compliance nightmares. I mean, think about it.

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Will $2T Stimulus Pay for Accountants’ Self Hair Cuts

Cloud Accounting Podcast

We actually did a poll on the webinar - When do you think the economy will reopen; in other words, it will be mostly back to business as usual? Minute7 syncs with both QuickBooks Online, and QuickBooks Desktop for invoicing or reimbursement. There are some apps that do time tracking, and some apps that do expense tracking. 1,200 people?

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Fintechs Dominate Covid Economy

Cloud Accounting Podcast

plans, debuts ‘Xero on Air’ – Accounting Today 44:10 – A refreshed Xero plan to support small businesses during COVID-19 – Xero Blog 50:14 – TD Rolls Out Online Accounting In Bid For Small Biz Accounts – PYMNTS.com 52:53 – Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S.