Remove Financial Records Remove General Ledger Remove Tax
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Why Did Bench Accounting Shut Down and What Should You Do Now?

Bookkeeping Express

Many clients are reporting that their 2024 bookkeeping has not been completed, leaving them in limbo as tax deadlines approach and financial reporting needs pile up. Steps to Take Now Retrieve Your Data: Contact Bench to retrieve any historical financial data or documentation they may still have.

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What Is General Ledger Reconciliation?

Nanonets

General Ledger Reconciliation The General Ledger (GL) is a silent custodian of a company's financial narrative. It is a record of all financial transactions of an enterprise and provides a comprehensive account of the organization's monetary activities.   What is the General Ledger?

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Why General Ledgers Matter to Businesses

Remote Quality Bookkeeping

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.

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Accounting Basics: What Do Debit and Credit Mean? 

Nolan Accounting Center

And central to accurate bookkeeping is the concept of double-entry accounting, where debit and credit entries are used to record all transactions. Keeping the financial records of every business in order requires tracking all the money flowing in and out of the company. Tax preparation and planning.

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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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Bookkeeping Basics for Small Business: What Every Owner Should Know

Remote Quality Bookkeeping

Bookkeeping is the process of recording and organizing all financial transactions for your business. It involves tracking every dollar that goes in and out of your accounts, ensuring your financial records are accurate and up to date. Good documentation is crucial for tax deductions and audits.

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Accounting Basics: What Do Debit and Credit Mean? 

Nolan Accounting Center

And central to accurate bookkeeping is the concept of double-entry accounting, where debit and credit entries are used to record all transactions. Keeping the financial records of every business in order requires tracking all the money flowing in and out of the company. Tax preparation and planning.