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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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What are GL Codes and how to assign them effectively?

Nanonets

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. General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger.

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Credit Card Reconciliation: What It is and How to Do It?

Nanonets

Billion in 2020 only for North American regions. This is important for budgeting purposes and for avoiding credit card fraud. To begin, check that the interest charges associated with credit cards are also recorded in the general ledger. It ensures that credit card transactions match your bank statement transactions.

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Future of Accounting: The 2022 Annual Guide

Future Firm

For example, here’s what Xero’s App Marketplace looks like: Here, using an app like Jirav can help you automatically prepare forecasts, financial models, dashboards, and actual vs. budget comparisons, where the app’s software integrations look like this: These integrations allow you to: Sync actual financial data from Xero/QBO.

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Ep. 157: Wes Saber - Serving as a Co-pilot for the Business Transformation Journey

IMA's Count Me

Wes: (02:51) So, I'm proud to be working me and my colleagues in a company that's privately owned and celebrate a hundred years, December, 2020. So it's kind of like a startup in our hundred years old company and looking into the future, especially after what happens in 2020 with the pandemic. It can be, budget.

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Controller's Code: The Secret Formula to a Successful Career in Finance

Cloud Accounting Podcast

Then, to the right of that number, you're gonna type in either TB or GL, for trial balance or for general ledger. What that means is when you're doing the finance and budgeting process, as well, which a lot of controllers are now involved in that process, that's how you really help drive the drumbeat of the organization.

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PPP loans over $150,000 to be made public

Cloud Accounting Podcast

David Leary: [00:10:04] 3,200 employees and an annual budget shy of $1 billion. A billion-dollar budget. The normal public schools, whatever you wanna call them, they're gonna face terrible budget cuts, potentially, because now, all these local governments don't have money because tax revenues are down. A billion dollars!