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Why Did Bench Accounting Shut Down and What Should You Do Now?

Bookkeeping Express

In a shocking turn of events, Bench Accounting, once a prominent player in the bookkeeping space, has ceased operations, leaving many small business clients scrambling to figure out what to do next. What Happened to Bench Accounting? Unlimited Time: Schedule time with your accountant as you need it – just a calendly away.

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What Is General Ledger Reconciliation?

Nanonets

General Ledger Reconciliation The General Ledger (GL) is a silent custodian of a company's financial narrative. It is a record of all financial transactions of an enterprise and provides a comprehensive account of the organization's monetary activities.

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Why General Ledgers Matter to Businesses

Remote Quality Bookkeeping

When you first started out, you were paying for business expenses out of your personal bank account and tracking your accounts payable and accounts receivable using different methods or separate software programs. But the health of your now-thriving business depends on understanding its financial situation.

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The importance of General Ledger reconciliation for financial reporting

Nanonets

Maintaining accurate financial records is vital for any business, and the general ledger, as the central repository of financial transactions, plays a critical role in this process. Ensuring the accuracy and integrity of the general ledger requires regular reconciliation.

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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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Financial records definition

Accounting Tools

Related Courses Bookkeeping Guidebook Records Management What are Financial Records? Financial records are documents that provide evidence of or summarize business transactions. A well-organized set of financial records is an essential part of an accounting department.

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Accounting schedule definition

Accounting Tools

What is an Accounting Schedule? An accounting schedule is a supporting document that provides additional details or proof for the information stated in a primary document. Related Articles Financial Records Records Management