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Today In Payments: Public Businesses Reap PPP Relief; Grab CEO Says Company Facing ‘Tough Decisions’

PYMNTS

Demand for the Singapore-based company has disappeared with the shuttering of all but essential services. Small businesses struggling to stay afloat were supposed to collect the most benefits from the federal Paycheck Protection Program (PPP). Grab CEO To Investors: We’re Facing ‘Tough Decisions’ The CEO of Grab Holdings Inc.

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General Ledger (GL): Definition, Significance, Implementation

Nanonets

The general ledger is a detailed record of all monetary transactions adjusted for the lifetime of your firm. General Ledger vs General Journal The general journal, often referred to as the book of original entry, serves as the primary step in the accounting process. Below is an example of a framework with potential subcategories.

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Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

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Comprehensive Guide to Account Reconciliation

Nanonets

Account Reconciliation can be a fairly manual task, especially right before the monthly close. Account reconciliation also helps improve transparency and visibility throughout the financial close process. How does Automation Transform the Account Reconciliation Process? Retain all supporting documentation.

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Four Techniques Companies Use To Advance In Today’s New Economic Environment

The Finance Weekly

Many corporate leaders are now wrestling with how to keep up with demand as the US economy recovers faster than anticipated. Fitness organizations, for example, that used to offer physical equipment now sell monthly memberships to online lessons that users can watch on-demand from the comfort of their own homes.

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The best reconciliation software and tools in 2023

Nanonets

To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures. What is reconciliation software?