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Fully Integrated Ledger System
A fully integrated ledger system is an accounting system where all the different financial and accounting records are comprehensively interconnected and maintained within a single framework.
Financial Transactions
The process of exchanging assets, settling debts, or conducting monetary dealings between parties.
Accounts Receivable
Funds that a business's customers have yet to pay for products or services received from the business.
Accounts Payable
The amounts a company owes to vendors or suppliers for goods or services received that have not yet been paid for.
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