Accounting Tools

JULY 24, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. Its orientation is toward recording financial information about a business.

Financial Accounting 75

Financial Accounting General Ledger Accounting Accounting 75

Accounting Tools

MAY 21, 2023

A journal entry is used to record a business transaction in the accounting records of a business. A journal entry is usually recorded in the general ledger ; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.

General Ledger 75

General Ledger Financial Statements Accruals Payroll 75

Accounting Tools

NOVEMBER 1, 2023

Here are several examples of the types of transactions in which an accountant may become involved: Issuing an invoice to a customer , which involves recording a sale and account receivable. Receiving an invoice from a supplier , which involves recording an expense or asset and an account payable.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Nanonets

APRIL 10, 2024

  Sage 100 Financials functionality lets you detect and identify unrecorded transactions needing follow-up. The included Sage 100 accounts receivable and accounts payable processing provides basic functionality, including recording and manually paying invoices and producing aging reports. 

General Ledger 52

General Ledger Purchase Order AP Invoice Processing 52

Nanonets

FEBRUARY 14, 2024

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. GL Codes are not just about keeping things neat; they're about making smarter financial decisions, simplifying tax time, and ensuring your business runs smoothly. What are GL Codes?

General Ledger 52

General Ledger Accounts Payable Accounts Payable Accounting Software 52

Outsourced Bookeeping

MARCH 7, 2024

The advantage of hiring an outsourced restaurant accounting professional for this task is that your accountant will proactively alert you in case there are any discrepancies in your reports. Your expenses and earnings will not be the same which is why you need to itemize your financial accounts.

Outsourced Bookkeeping 59

Outsourced Bookkeeping General Ledger Accounting Accounting 59

Less Accounting

OCTOBER 13, 2022

Small business owners in the USA should know that the Financial Accounting Standards Board (FASB) is in charge of creating generally accepted accounting principles and methods used for this type of bookkeeping. Credits stand for all decreases to an account, while debits stand for increases, they should always be equal.

Bookkeeping 52

Bookkeeping General Ledger Accounting Software Financial Statements 52