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Several years ago, we embedded CR and DEI into the company’s strategy and declared goals for each in order to hold ourselves accountable for our actions. At Intuit, corporate responsibility (CR) and diversity, equity, and inclusion (DEI) are not afterthoughts; they’re core to who we are and intrinsic parts of our business. From helping 2.5M
Tedious as it may seem, every business transaction needs to be recorded in the right account. The problem, however, is that unless you have automated accounts payable software, finding the correct account isn’t always such a simple task. Fortunately, a chart of account can help you with that.
These codes serve as the fundamental building blocks of a business’s financial structure, enabling the categorization of transactions into distinct accounts for revenues, expenses, assets, liabilities, and equity. The importance of laying a strong foundation for your accounting system cannot be stressed enough. Why use GL Codes?
We'll unravel the Chart of Accounts, the backbone of the GL, detailing how transactions are organized and recorded. We'll also explore how to efficiently manage and utilize your General Ledger, including the implementation of modern software solutions to automate and streamline your accounting processes.
FULL EPISODE TRANSCRIPT: Adam: (00:00) Welcome back to Count Me In IMA's podcast about all things affecting the accounting and finance world. She also shares how finance and accounting profession can better arm itself for the next chapter of business. I'm your host, Adam Larson and today I have another bonus episode for you.
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