Remove 2010 Remove Accounts Receivable Remove Reconciling
article thumbnail

What are GL Codes and how to assign them effectively?

Nanonets

For example, all asset accounts might start with the number 1 (e.g., 1010 for Cash, 1020 for Accounts Receivable, etc.). Since the purchase was made on credit, also select the GL code for Accounts Payable (e.g., 2010 - Accounts Payable) to represent the liability created by this transaction.

article thumbnail

Tipalti vs. BILL: Software Guide for AP & Finance Teams

Nanonets

Tipalti is a finance automation platform that has been around since 2010. With features for accounts payables teams and accounts receivables teams, BILL tackles the whole payment processing cycle, whether you’re on the sender or receiver side of each invoice. What is Bill.com (BILL)?

AP 52