Nanonets

APRIL 30, 2023

Payroll accounting follows the matching principle under accrual accounting. To follow the matching principles, businesses record payroll expenses to the accrual account until those items are paid out of the checking account. Step #4: Post Payroll After entering the journal entries, you must post them to the general ledger.

Payroll 52

Payroll General Ledger Accruals Accounting 52

Jetpack Workflow

SEPTEMBER 1, 2024

Review and Adjust Financial Statements At the annual close, you need to thoroughly review the financial statements prepared by your bookkeeping team against the client’s general ledger accounts. What to put on your checklist for this task: Compare financial statements with the general ledger.

General Ledger 52

General Ledger Financial Statements Accounting Accounting 52

Jetpack Workflow

MARCH 23, 2023

Complete Reconciliations for All Bank Accounts and Credit Cards A typical reconciliation process for bank accounts and credit cards includes looking for discrepancies between each account and its general ledger counterpart. It also allows you to confirm that all payroll entries, including accruals, are posted to the accurate ledgers.

Reconciling 52

Reconciling AR AP Payroll 52

Nanonets

JUNE 29, 2023

Features: Flexible intake and approval workflows, Seamless integration with other business systems and with general ledgers, Creation of rules that reflect the company’s specific policies Record keeping of every dollar spent Easy retrieval of documentation for auditing or booking purposes.

Budgeting 52

Budgeting Expense Reports Data Entry Invoicing 52

Cloud Accounting Podcast

JUNE 28, 2020

If you go to their website, and you look at the services they offer, which, we'll go there right now, and we'll look. [00:10:26] ScaleFactor does a few basic things. They'll do cash, or accrual accounting. So, in February, they laid off 40 of their customer-service people. They will do your bill pay powered by Bill.com.

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40