General Ledgers at Scaling New Heights (Part 2)

Intuitive Accountant

This is Murph's second round through the exhibit hall with his (virtual) take on the General Ledger sponsors appearing at this year's 'Scaling New Heights

General Ledgers at Scaling New Heights (Part 3)

Intuitive Accountant

Returning to General Ledgers appearing at this year's 'Scaling New Heights,' Murph provides a summary of Xero features that users find so 'beautiful

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General Ledgers at Scaling New Heights 2022 (Part 1)

Intuitive Accountant

Murph tips his Stetson to a few of the General Ledgers appearing at this year's 'Scaling New Heights.' And when a guy tips his Stetson, it's like he's acknowledging the other party's existence

General Ledgers at Scaling New Heights (Part 4)

Intuitive Accountant

Murph wraps up the official series on the sponsors at this year's 'Scaling New Heights' conference. If we missed any late comers, we're sorry—it wasn't our intention

What Your Financial Reports Really Tell You

MazumaBusinessAccounting

If you bought equipment for your business during the month, like a computer or other purchases generally over $2,500, they go in the fixed assets category. Balance Sheet Business Accounting Business Taxes General Ledger Profit & Loss Report balance sheet P&L profit & loss

More About Sage Accounting

Intuitive Accountant

Some of you have already asked for additional details about Sage Accounting, one of the Sage accounting products we featured in our General Ledgers at SNH-2022 (Part 4) feature

Formats for Financial Data in Fraud Investigations

FraudFiles

Tracy talks about how she wants to receive the general ledger and related data. How should your accounting records be provided to your forensic accountant? Hint: Digital is preferred over paper.). Expert Witness Financial Investigations Videos

Reconciliation in Accounting: Difficulties in Reconciling the Accounts

Snyder

Before the dawn of account reconciliation software solutions, reconciling in general meant comparing multitudes of daily transactions with bank statements. Checking account reconciliations generally requires two pieces of data to match.

ESOP Webinar: Accounting and Tax Topics Related to an ESOP Company

Katz,Sapper&Miller

EST, the webinar is geared towards individuals who maintain the accounting and general ledger in their companies for ESOP transactions Katz, Sapper & Miller’s Mark Flinchum and Andy Manchir will lead a webinar discussion hosted by the National Center for Employee Ownership (NCEO).

What is an Integrated Accounting System? How Software Integrates Financial Systems 2022

Accounting Seed

In 2022, instead of a separate general ledger, project accounting ledger, billing software, and inventory tracking program, integrated accounting systems handle it all. A good system will link your general ledger, payment systems, tax calculations, inventory management, and more.

What is an Integrated Accounting System? How Software Integrates Financial Systems 2022

Accounting Seed

In 2022, instead of a separate general ledger, project accounting ledger, billing software, and inventory tracking program, integrated accounting systems handle it all. A good system will link your general ledger, payment systems, tax calculations, inventory management, and more.

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. Patent maintenance costs – costs associated with requirements of government contracts or general counsel to secure the patents are allowed.

3 Components of Sales Tax to Not Forget

TaxConnex

Be sure you have a process to gather the applicable data each month and reconcile all new data to your general ledger before you start the filing process. Regardless of the filing method, payment is generally required and can be a check, an ACH debit or an ACH credit.

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Accounting Software for Accountants 2022: What to Look For

Accounting Seed

In the 1950s, General Electric purchased a Univac mainframe computer to run payroll. How many general ledger accounts do you need to maintain? Entries In The General Ledger. Accounting software for accountants can integrate project ledgers with general ledgers.

5 Crucial Pieces of Your Sales Tax Compliance Filing Process

TaxConnex

Be sure you have a process to gather the applicable data each month and reconcile this data to your general ledger before you start the filing process. These deficiency notices generally have very tight time frames by which you must respond – 5 days, 10 days, etc.

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The new breed of audit

TaxConnex

The [auditor] is provided with read-only access to the company’s general ledger with exceptions related to confidentiality,” reads a 2021 white paper commissioned by Oracle, which added that most organizations will adopt a virtual audit form by 2025.

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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

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.

Project Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

The difference between project-based accounting and general financial accounting is granularity. For instance, cash and accounts payable in the general ledger cover those transactions for the entire company. Use a Project-Based Accounting Sub-Ledger.

Accounting Software For Nonprofits 2022: What To Look For

Accounting Seed

Refitting a general-purpose accounting software tool for your nonprofit organization will often do more harm than good. Your accounting software should make it easy for you to record cash transactions not only in each fund ledger, but also simultaneously in the general ledger.

Accounting Basics for Small Business: A Simple Guide

Snyder

In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making. Set up a general ledger.

5 Steps to a Complete Sales Tax Filing Process

TaxConnex

Be sure you have a process to gather the applicable data each month and reconcile this data to your general ledger before you start the filing process. These deficiency notices generally have very tight time frames by which you must respond – 5 days, 10 days, etc.

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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. Patent maintenance costs – costs associated with requirements of government contracts or general counsel to secure the patents are allowed. There are certain expenses that a business incurs that the federal government does not reimburse.

Steps to Clean Up Accounting Records: A Checklist

xendoo

Frequently, accounting software will allow you to upload support for any transactions recorded in your general ledger. If your company has inventory, you will need to account for it in your general ledger.

Crowe Launches Cash Management Solution For Hospitals

PYMNTS

Crowe is addressing this friction with the rollout of its Crowe Automated Reconciliation for Healthcare tool, providing hospitals a three-way match solution between their general ledgers, patient accounting systems and banking providers. “While a number of reconciliation solutions have been created for hospitals, until now, none of them combined the general ledger, patient accounting system and bank account,” he said.

Alleviate Stress on Your Staff in 2021

TaxConnex

Your employees (like all of us) have more than enough headaches on all fronts headed into the new year. Back in April employees surveyed said that the pandemic is the most stressful time of their entire career.

Salesforce for E-Commerce: Everything to Know About This B2C Platform

Accounting Seed

Accounting Seed: AccountingSeed supports back-office functions like general ledger, inventory management, accounts payable, and payroll. Salesforce B2C Commerce is one of the top tools for launching an e-commerce store.

Best Practices for Nonprofits

Withum

Many nonprofit organizations have limited resources and often the finance team also supports the general operations. Accounts receivable balances in the general ledger should be reconciled to the subsidiary ledger monthly.

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Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

You’ll be able to track all the financial data that forms the lifeblood of a startup, including revenue, expenses, payroll, and general ledger. There’s no accounts receivable or accounts payable ledger—only money received or paid.

Sage Intacct – Automating to Save You Time 

Withum

Outlier Detection for General Ledger. Once your bank or credit card transactions are imported you can easily record them into the general ledger and reconcile your accounts. Let’s face it, we all make mistakes; we are human, and it is part of our nature.

20 Best Financial Dashboards for Making Business Decisions

Accounting Seed

With the right financial reporting dashboards in place — such as revenue dashboards or general ledger dashboards — CFOs and their teams can track business-driving KPIs in real time.

Salesforce B2B Commerce: Everything to Know

Accounting Seed

Search the Salesforce AppExchange to find some excellent applications to help with functions like tax automation, fraud check, accounting, general ledger, and PayPal payment. Salesforce B2B Commerce is among the most powerful and popular business tools on the market.

What to Expect During a Fraud Examination

Anders CPA

While there is a lot of useful information in the accounting records, there is also a lot of evidence that is contained outside of the debits and credits of the general ledger. Suspicions of fraudulent activity can be alarming and unsettling for any business owner.

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Product wrap from Xerocon Sydney 2022

Xero

upgraded versions of more reports, including Bank Reconciliation, General Ledger, and Journal reports. Any way you slice it, the past two years have tested us all.

TravelBank, U.S. Bank Team On Virtual Cards, Expense Management

PYMNTS

Companies will have easy access to real-time reporting, expense capture, policy management and approvals, general ledger sync and analytics, improving on old ways that could be more cumbersome, according to the release. TravelBank will work with U.S.

Palette Unveils AP Automation Software For Construction Firms

PYMNTS

In addition, project managers don’t need to find certain projects by general ledger (GL) account code numbers; instead, they can locate them by name.

Ecommerce Accounting 101

xendoo

Establish a general ledger. Your online business requires a general ledger. As an online business that can make sales around the clock, leveraging online software to keep an accurate ledger is smart.

Accounting Software For Insurance Companies 2022: What To Look For

Accounting Seed

In this guide, we’ll cover the benefits of choosing dedicated accounting software for the insurance industry instead of a more general business accounting app. Dedicated accounting software for insurance companies saves time and money while shoring up compliance and security.

Latest product news — July 2022

Xero

This enhancement means you can make adjustments that are not sent back to the general ledger from within the return.

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Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

The core of the close process remains the same: corroborate the numbers in the general ledger,” explained Feinstein. In most cases these days, accountants must log into their financial institution’s online banking portal to download the latest transactions into a spreadsheet, then either import into their general ledger application or reconcile manually using Excel.”.

Best Vendor Payment Processes for Businesses 2022

Accounting Seed

And, your vendor payments will automatically be added to your general ledger and financial dashboards. If you’re running a business or the finances of a business, you likely have a process in place for sending payments to vendors for supplies, services, etc.

Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

You’ll be able to track all the financial data that forms the lifeblood of a startup, including revenue, expenses, payroll, and general ledger. There’s no accounts receivable or accounts payable ledger—only money received or paid.

What Is A Salesforce Dynamic Dashboard? Everything To Know 2022

Accounting Seed

They help your users access transactional data and filter by ledger and accounting variables. Ledger Inquiry. The Salesforce dynamic dashboard is an easy-to-use visual representation of sales data with different levels of access for different users. Learn more in this quick guide.

App partner of the month: EzzyBills

Xero

EzzyBills connects to Xero to automate time-consuming tasks such as data-extraction from document line-items, management expense approvals, general ledger coding, and e-invoicing.