Nanonets

FEBRUARY 14, 2024

💡 The General Ledger Explained : At the heart of a company’s financial record-keeping lies the General Ledger (GL) – a comprehensive repository that records every financial transaction conducted by the business. 2010 - Accounts Payable) to represent the liability created by this transaction.

General Ledger 52

General Ledger Accounts Payable Accounts Payable Accounting Software 52

Nanonets

FEBRUARY 28, 2024

Think of it as a central hub that holds all the financial information needed to prepare your company's financial statements. It is built upon foundational documents, with at least one journal entry corresponding to each financial transaction. Accounts Receivable (AR) : Tracking of customer invoices and receipts.

General Ledger 52

General Ledger Data Entry Invoicing Accounts Payable 52

Nanonets

MAY 31, 2023

Shadow spending can take various forms, including Embezzlement: Employees misappropriate company funds for personal gain by manipulating financial records or diverting payments to their accounts. Vendor Fraud: Employees collude with external vendors to create fake invoices or overstate charges, leading to improper payments.

Data Entry 52

Data Entry Auditing Computation Purchase Order 52

AvidXchange

APRIL 10, 2019

Whenever you need to find a line item on an old invoice, do you find yourself having to go back and search through mountains of paperwork, or thumb through rows of filing cabinets drawers? In many organizations, they’re a necessary tool for organizing financial records and setting up accounting systems.

Accounting 40

Accounting Accounting QuickBooks Petty cash 40