article thumbnail

How to Post Journal Entries to the General Ledger

Patriot Software

As a business owner, you juggle a number of tasks, including accounting. You also need to know how to post journal entries to the general ledger. General ledger overview Your general ledger is a record used to sort and […] Read More But that’s not all. Learn how here.

article thumbnail

Common Accounting Mistakes: Government Edition - Issue #8 Unallowable Expenses

SMBAccountant

These costs must be recorded in separate general ledger accounts to be easily identified and excluded from any billing. Bad Debt – both actual and estimated losses from uncollectible accounts receivable including collection costs and legal costs are not allowed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Digits announces Autonomous General Ledger

Accounting Today

Accounting automation solutions provider Digits released its Autonomous Digital Ledger solution, intended to directly challenge competitors such as QuickBooks.

article thumbnail

How WISS Is Transforming Accounting with AI and Gen Z Talent with Paul Peterson

Insightful Accountant

With over 400 employees and a Top 100 ranking, WISS is leading the way in post-COVID flexibility, non-traditional hiring, and strategic tech investments. 🔗 Learn more: [link] 🔗 Connect with Paul: / ppeterson1 Expand IA Newsletter Like what youre reading?

article thumbnail

Almost 3/4th of US Accountants Report Increased Profits Last Year

Insightful Accountant

Click here to read the rest of the story. Expand Insightful Accountant Newsletter Like what youre reading? Subscribe to our FREE newsletter and well deliver content like this directly to your inbox.

article thumbnail

Using Caseware and Wagepoint to streamline your EOFY

Xero

Complete year-end compliance work faster with Caseware Caseware is a Canadian-born, global provider of audit, financial reporting and data analytics solutions for accountants and bookkeepers. Our AI-powered recommendation engine makes it easy to find the right apps for your practice, and try or buy the app in a few clicks.

article thumbnail

How to Maintain Compliance Documentation for Sales Tax Audits | TaxConnex

TaxConnex

Sales Tax Accruals Ensure that sales tax is stated in your general ledger as a separate GL account number. Returns/Credits Returns and credits should be clearly identified in your accounting system. Ensure these bad debts are clearly identified and documented in your accounting system.

audit 264