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Year-End Close and Reporting: What’s Behind the Numbers?

Planful

That being said, they’re not an appropriate solution for enterprise accounting or financial reporting. These systems are designed to automatically load data from multiple general ledgers (GL) and other sources – both on-premises and in the cloud. Regulatory Compliance: Yes, It Can Be Easy.

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Avoid these bookkeeping mistakes as a small business owner

CFO Share

Overcomplicating the General Ledger and Chart of Accounts. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. GL accounts are easy to create but difficult to get rid of.