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| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3847 |
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Accounts payable keeps tabs on making payments obtained via the procurement system while accounts receivable records customer payments on their invoices. The general ledger combines all the other subsystems along with additional income, debt payments, and expenses. Data from the general ledger will then contain the information required for financial reporting and for auditing needs...
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Data from the general ledger will then contain the information required for financial reporting and for auditing needs. All financial reporting will also have to comply with current government reporting regulations including the Sarbanes-Oxley Act.
The Smith System’s proposal would integrate all four locations with a single software solution that will allow easy input, recording and output of financial data...
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