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Why General Ledgers Matter to Businesses

Remote Quality Bookkeeping

But the health of your now-thriving business depends on understanding its financial situation. That’s where a general ledger comes in. It’s the bedrock of any thorough business accounting system and a powerful tool for ensuring your finances stay on track. What is a General Ledger?

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What is the Difference Between Bookkeeping and Accounting

Billah and Associates

Bookkeeping vs Accounting For most people bookkeeping and accounting would seem like the same thing. They aren’t to blame really, because both bookkeeping service and accounting service are actually part of the financial cycle that a company follows. Also Read: Why Hire professional Accounting services?

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What Is a Chart of Accounts, And Why Does it Matter?

Remote Quality Bookkeeping

It is a list of all the accounts used in a business’s general ledger in one place. Companies use their chart of accounts (COA) to organize financial records and show shareholders how the business brings in and spends money. What is a Chart of Accounts?