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Remove bookkeeping software Remove general ledger Related Topics
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Best Online Bookkeeping Software for Small Business

xendoo

MARCH 26, 2021

Online bookkeeping is also great for our remote entrepreneurial lifestyles – since Quickbooks and Xero are cloud-based, you can keep tabs on the financial health of your business anytime from anywhere – office to the beach! What does bookkeeping software do? General ledger. Reconciling bank accounts.

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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

JUNE 11, 2022

The actual entries you record in your general ledger differ from business to business. The $1,000 is accounts payable, and you record it in your general ledger by crediting $1,000 on the supplier’s X account. Accounts receivable is an asset account on the general ledger and balance sheet.

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