If you work in an accounting or finance position, chances are you’ll be required to participate in reconciling the general ledger. If you’ve never reconciled a general ledger, then you’ll appreciate this brief general ledger tutorial. What is the general ledger (GL)? The general ledger is the set of all the accounts used to keep ...
Many people seem to have a misunderstanding about what it really means to forgive someone for a wrong done to them. This article will explore a little bit about what forgiveness is and the reasons why forgiveness is important. The first thing I want to point out is what is, to me, the most important ...
What is a Bank Reconciliation? A bank reconciliation is an exercise in which the entries that appear on the account statement received from the bank are compared with the entries recorded in the bank account on the general ledger. By doing a bank reconciliation you ensure that all banking transactions are correctly accounted for and ...
One of my least favorite things to do when I was in college was prepare bank reconciliations and account reconciliations. This was because I really didn’t understand how EASY reconciling a general ledger account really is. If you understand the basics, account reconciliation is simple. How to Reconcile a General Ledger Account Step #1: Run ...
Karla News
Karla News