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Latest product news — July 2022

Xero

This enhancement means you can make adjustments that are not sent back to the general ledger from within the return. Organisations on a flat rate scheme can now add non-posting adjustments to boxes in the VAT return and access a new VAT audit report, Non-Posting adjustments by VAT box. Improve your workflows in Xero Tax — UK.

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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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How Excel Helped Win (Steal?) the World Series

Cloud Accounting Podcast

Chase's WePay could turn into a general ledger app; the MyPayroll HR bank gets sued; AICPA CEO Melancon says CPA licensing is under threat, but is it, really? Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus , and NOW, you can see our smiling faces on Instagram ! Meet Blake and David in person!

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

Nanonets

Billion in 2020 only for North American regions. To begin, check that the interest charges associated with credit cards are also recorded in the general ledger. Next, most people find it easiest to match the total amounts of payments and other credits on the statement to those in the general ledger.

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8 Benefits of Flexible Billing System Architecture

Billing Platform

Generate New Revenue Streams. billion devices recorded in 2020. Flexible billing system architecture integrates billing with critical front- and back-office systems like CRM, ERP, general ledger, tax systems, etc. Experts estimate the number of Internet of Things (IoT) connected devices will exceed 29 billion in 2030.

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ERP Integration: How ERP Systems & AP Automation Tools Work Together

MineralTree

This is because ERPs function as the business’ system of record and store information regarding sales, the general ledger, accounts receivable, accounts payable, and forecasting. MTB Management Modernizes Its Approach to AP MTB Management is a fast-growing Taco Bell franchise, growing from eight to 12 locations since 2020.

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