The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliations 52

Reconciliations General Ledger (GL) Accounting Finance 52

PYMNTS

JUNE 29, 2018

“Obviously, with the globalization of the world and the fact that so many countries are involved, companies have to deal with different regulations, languages and currencies,” Kilby said. Physical currency can be problematic for a variety of reasons, though, including that employees might not get the best foreign exchange rates.

Reconciliations 43

Reconciliations General Ledger Foreign Exchange Currencies 43

PYMNTS

FEBRUARY 26, 2020

One of the biggest challenges in B2B payments today for both buyer and supplier is the need for transaction data for remittance, reconciliation and accounting. They need the remittance data, whether it’s incoming or outgoing, to be able to sync up with their general ledger system.”. Fintainium Eyes Remittance For AR, AP.

Accounting 72

Accounting Accounts Payable Invoicing General Ledger 72