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Many small businesses issue Invoices before receiving money or receive Bills before making payments. For businesses that do accrual accounting, these are non-cash items that need to be tracked in their accounting. This is often referred to as Accounts Receivable and Accounts Payable tracking.

Teal makes it easy to sync Invoices and Bills with the general ledger, so that you can keep accounting reports accurate and up-to-date and provide accrual-specific reports to your users.