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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 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?