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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?

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Why now is a great time to try new reports in Xero

Xero

These include the Budget Manager, Business Performance Dashboard, Payroll, Tax, and GST Reconciliation reports. Here’s what you can expect: A beautiful report centre where you can search or scroll to find new reports and add them to your favourites. a product tour in the new Profit and Loss and Balance Sheet reports.

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Product wrap from Xerocon Sydney 2022

Xero

Today at Xerocon Sydney , we were able to celebrate what we can achieve when we work together to support small businesses across Australia and New Zealand. upgraded versions of more reports, including Bank Reconciliation, General Ledger, and Journal reports. If you missed it, here’s a recap of the product highlights.

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How to Solve Real-Life Problems of Bank Reconciliations (With Examples)

Nanonets

Bank reconciliation is the process of matching the company’s cash ledger with the bank statements. The two ledgers generally don’t match due to factors such as bank fees, interest, outstanding checks, and deposits in transit. What Is a Bank Reconciliation Statement?

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Difference Between Accounts Receivable & Accounts Payable Management

Invoicera

What is Accounts Payable Management? Let’s first understand, what are Accounts Payable. The management generally includes controlling all the aspects of Accounts Payable. It entails monitoring unpaid invoices, following up with clients for payments, and account reconciliation. Liability Asset What are the effects?

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An Overview of Netsuite AP Automation

Nanonets

In this blog, we delve into the benefits and features of advanced AP automation solutions, comparing their capabilities to traditional methods. What is Oracle NetSuite? Photo by Carlos Muza / Unsplash What is NetSuite Automation? What is NetSuite Financial Automation?

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How to convert PDF invoices to Excel in seconds?

Nanonets

This blog will show two ways of converting PDF invoices to Excel spreadsheets in seconds. Automatically update financial records in the balance sheet, general ledger, PnL, and more. Automate invoice approvals, invoice review, invoice payment reconciliation , and invoice payments with automated workflows. So stay tuned!