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VISION FINANCIALS GL Posted Journal Summary (GLS7009) Introduction Purpose of the Report provides the ability to report on journals posted during a specific run of the Journal Post process. The Journal
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General ledger activity is the record-keeping process of a company's financial transactions, including expenses, revenue, assets, and liabilities.
All businesses and organizations, including sole proprietors, partnerships, corporations, and non-profit organizations, are required to file general ledger activity.
General ledger activity is typically filled out using accounting software or manually in a ledger book. Transactions are recorded, categorized, and summarized to create financial statements.
The purpose of general ledger activity is to track and monitor the financial health of a business, make informed financial decisions, and comply with tax laws and regulations.
General ledger activity must include details of all financial transactions, such as date, description, amount, account affected, and any relevant notes.
The deadline to file general ledger activity in 2023 will depend on the specific regulations of the country or jurisdiction in which the business operates.
The penalty for the late filing of general ledger activity can vary depending on the specific regulations and may include fines, interest charges, or other sanctions.
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