auto-certification of low-risk accounts, significantly reducing the workload of accounting staff. When discrepancies do exist and require analysis, customizable templates, checklists, and integrated storage for supporting documentation ensure that reconciliation processes are standardized across the organization...
What are the different types of Products in Deskera Books? How do I create Tracked, Non-Tracked Products and Bill of Materials in Deskera Books+? Edit, Copy, Delete and Export Products in Deskera Books? How do I bulk import multiple Products, Contacts or Accounts at one go in Deskera Book...
These GL code accounts are set up in a specific order, defined by the principle of double-entry accounting. The GL codes go in order from assets such as cash, accounts receivable, inventory and equipment, to liabilities and stockholders’ equity. The number of accounts in this section could ...
Global Trade Item Numbers (GTINs) are an integral part of the GS1 family of codes and standards that facilitate global trade and commerce. Learn more here.
When a user performs a transaction in SAP, there is a good chance that the transaction is creating a debit or credit against one of the GL Accounts. It is beyond the scope of a forum to explain the workings of General Ledger, and how SAP implements this functionality. Pe...
We’ve previously talked about lots of pieces of the accounting pie:accounts payable,accounts receivable, etc. Each of these is a journal that keeps a portion of a company’s complete financial picture. The general ledger takes monthly summaries of all these journals to create one “big picture...
The user should ensure that all expenses and any income (whether credits or refunds) that appear on the statements are correctly reflected in the user’s books of accounts. 9. Review and validate Have another team member or a manager validate the reconciled statements for completeness. This woul...
Accounting Software: Accounting software, on the other hand, is focused primarily on financial management tasks such as bookkeeping, invoicing, accounts payable and receivable, financial reporting, and tax preparation. Integration ERP: ERP systems are designed to integrate multiple aspects of business op...
Are you an IGCSE (or A-levels and its equivalent) student planning on ... What is the field of languages all about? Do you know what they call a person who knows many languages? A polygl... Are you considering a career in accounting and finance?
There are times when having a different GL structure makes sense and that works when each BU is really different and has very different GLs. There is a strong desire to keep the number of accounts small at each BU and each BU is relatively ...