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What Is General Ledger Reconciliation?

Nanonets

There are several types of general ledger reconciliations:   Bank Reconciliation : This type of reconciliation involves comparing the transactions recorded in the general ledger with those reflected in the company's bank statements.

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The top 15 spend management software in 2023

Nanonets

Features: Bank reconciliation and cash management functionalities General ledger ensures comprehensive financial tracking Workflow management, allowing for efficient approval processes and control over spending.

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Intuit Launches QuickBooks Cash

Cloud Accounting Podcast

There's a form called Form 3115, which you file with your income tax return to change your accounting method from cash to accrual, vice versa. Now, the IRS is really moving into the future and you can fax that form. A banking service provider said that about 3,000 were suspicious transactions totaling $73 million.