GL Accounts Out of Balance

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Excessive time is spent in reconciling inter-company due to/from accounts because intercompany transactions have to be entered manually for each company. Transactions are re-keyed into multiple databases and there are errors. Sometimes, transactions are not recorded in all companies, or they get recorded incorrectly, resulting in difficulty reconciling the inter-company balances. The reconciliation of bankContinue Reading

General Ledger Out of Balance

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Reasons Lot of time taken to update the general ledger with journal entries / transactions? How do you do it today? Enter separate transactions into general ledger and Bank Reconciliation file to track cash? Is it manual? Does that cause errors? It is difficult to reconcile accounts and multiple checkbooks? Is there need to keepContinue Reading