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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.

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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.

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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. Bad Debt – both actual and estimated losses from uncollectible accounts receivable including collection costs and legal costs are not allowed.

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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.

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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. These notices may arrive in snail mail, show up in your email inbox or simply be posted to your account on the jurisdiction’s website.

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Digits Autonomous General Ledger Will Take on QuickBooks, Company Says

CPA Practice

AGL acts as a proactive bookkeeper, automatically categorizing transactions, reconciling accounts, and delivering real-time financial insights with unmatched speed and accuracy.

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Using the General Ledger to Evaluate a Business

FraudFiles

When a divorce involves a business, we often ask for a copy of the general ledger, which is part of the company's accounting records. The general ledger includes the details of transactions for a specified period of time. What can we find in the general ledger? Tracy Coenen explains in this video: