Remote Quality Bookkeeping

JULY 28, 2023

But the health of your now-thriving business depends on understanding its financial situation. That’s where a general ledger comes in. What is a General Ledger? A general ledger records every financial transaction conducted by your business.

General Ledger 52

General Ledger Small Business Bookkeeping Bookkeeping Financial Statements 52

Accounting Tools

JULY 12, 2023

Related Courses Bookkeeping Guidebook Records Management What are Financial Records? Financial records are documents that provide evidence of or summarize business transactions. A well-organized set of financial records is an essential part of an accounting department.

Financial Records 40

Financial Records General Ledger Bookkeeping Invoicing 40

Billing Platform

SEPTEMBER 25, 2023

Decisions as to whether debt is uncollectible varies by industry, as well as the company’s internal financial policies. Step 7: Process Payments To ensure accurate financial records, efficient payment processing is essential. This step provides the information needed to create financial statements.

Accounts Receivable 98

Accounts Receivable Account Receivables Accounts Receivable AR 98

Nanonets

FEBRUARY 14, 2024

In the world of business, keeping track of money matters is crucial, and that's where General Ledger Codes, or GL Codes, come into play. GL Codes are not just about keeping things neat; they're about making smarter financial decisions, simplifying tax time, and ensuring your business runs smoothly.

General Ledger 52

General Ledger Accounts Payable Accounts Payable Accounting Software 52

Bookkeeping Express

APRIL 26, 2023

Timely review and recording of employee expense reports make it harder for employees to submit fraudulent or inflated expenses for reimbursement, as discrepancies can be spotted more quickly. Rigorous bookkeeping ensures that all transactions are accurately recorded in the appropriate journals (e.g., Approval and authorization records.

Bookkeeping 52

Bookkeeping Purchase Order General Ledger Reconciling 52

Nanonets

FEBRUARY 19, 2024

In this blog, we will explore the essential task of filling out receipt books, a foundational element of financial record-keeping for both small and large businesses. We will also delve into the benefits of automating your receipt books and how platforms like Nanonets can transform your approach to financial record-keeping.

Record Keeping 52

Record Keeping Financial Records Tax General Ledger 52

Nanonets

MAY 8, 2023

  Bookkeeping is the process of keeping financial records for your business. A single-person small business can get away with keeping written financial records in a notebook but large businesses need detailed entries. At its simplest, it has to make sense to the person doing the record keeping.

Bookkeeping 52

Bookkeeping Financial Statements Accounting Software Reconciling 52