Remove Adjustments Remove Close Processes Remove IRS
article thumbnail

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

PYMNTS

Plus, the IRS has shelved processing tax refunds to make room for sending stimulus payments. IRS Puts Tax Refunds In Storage As It Works On Stimulus Checks. Public Businesses Reap PPP Relief Of $300M. Grab has said it is trying to offset the loss of ride-hailing business with its food delivery service.

article thumbnail

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. Ready for an Audit: If one is audited by the IRS (Internal Revenue Service), it will be simple to formulate the audit since your monetary records are all in one spot. This enables you to balance the books.