Accounting Tools

AUGUST 6, 2023

Year-end adjustments are journal entries made to various general ledger accounts at the end of the fiscal year , to create a set of books that is in compliance with the applicable accounting framework. Accrual of payroll expenses for hours worked that have not yet been paid.

General Ledger 75

General Ledger Accruals Billing Reconciling 75

Accounting Tools

MAY 21, 2023

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. The general ledger is then used to create financial statements for the business.

General Ledger 75

General Ledger Financial Statements Accruals Payroll 75

Accounting Tools

APRIL 4, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What is a Payroll Journal? A payroll journal is a detailed record of accounting transactions related to payroll.

Payroll 40

Payroll General Ledger Accruals Accounting Software 40

Accounting Tools

JULY 13, 2023

The unadjusted trial balance is the listing of general ledger account balances at the end of a reporting period, before any adjusting entries are made to the balances to create financial statements. Related Courses Bookkeeping Guidebook Closing the Books The Year-End Close What is an Unadjusted Trial Balance?

General Ledger 74

General Ledger Financial Statements Accruals Bookkeeping 74

Nanonets

APRIL 30, 2023

Looking to automate payroll processes? Implementing the necessary procedures to maintain records and promote accuracy within your payroll function relies on creating an effective payroll accounting system. What is Payroll Accounting? Payroll accounting doesn’t just handle salaries and wages.

Payroll 52

Payroll General Ledger Accruals Accounting 52

Accounting Tools

JUNE 16, 2023

The intent of adding these entries is to correct errors in the initial version of the trial balance and to bring the entity's financial statements into compliance with an accounting framework , such as Generally Accepted Accounting Principles or International Financial Reporting Standards.

General Ledger 74

General Ledger Financial Statements Accruals Bookkeeping 74

Accounting Tools

JUNE 20, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What are Payroll Journal Entries? Payroll journal entries are used to record the compensation paid to employees. These entries are then incorporated into an entity's financial statements through the general ledger.

Payroll 40

Payroll General Ledger Accounts Payable Accounts Payable 40

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 allows you to reconcile and post entries to their correct 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

Nanonets

APRIL 16, 2023

Artificial intelligence is used to learn from past experience and suggest specific general ledger (GL) codes or approval routing paths. Coding Invoices AP automation helps a company establish rules that will choose the correct general ledger (GL) code for each invoice. Looking for an AI based AP Automation solution?

AP 52

AP Accounts Payable Accounts Payable Purchase Order 52

Cloud Accounting Podcast

JUNE 28, 2020

Their award-winning multi-client payroll management and analytics platform is a remarkably effective tool for adding value to every client engagement. They'll do cash, or accrual accounting. They'll do payroll that's powered by Gusto for an additional add-on fee - for both the bill pay and the payroll. It looks beautiful.

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40