AvidXchange

APRIL 10, 2019

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.

Accounting 40

Accounting Accounting QuickBooks Petty cash 40

Nanonets

FEBRUARY 28, 2024

We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health? We'll unravel the Chart of Accounts, the backbone of the GL, detailing how transactions are organized and recorded. These can be loans, accounts payable, or mortgages.

General Ledger 52

General Ledger Data Entry Invoicing Accounts Payable 52

Nanonets

FEBRUARY 14, 2024

General Ledger Codes, or GL Codes, are unique alphanumeric strings that classify and record financial transactions within a company’s general ledger. Think of it as the financial backbone of a company, supporting the structure of its economic activities. Why use GL Codes? And at the heart of this system?

General Ledger 52

General Ledger Accounts Payable Accounts Payable Accounting Software 52