• Posting Entries to your Journal from Raw Data (Invoices). • Billing for goods sold or services provided to clients. • Recording receipts from customers. • Verifying and recording invoices from suppliers. • Paying suppliers. • Processing employees' pay and the related governmental reports. • Monitoring individual accounts receivable. • Rent for the business office. • Salaries and wages earned by employees. • Buying equipment for the office. • Borrowing money from a bank. • Recording depreciation and other adjusting entries. • Cut-off Procedures. • Reconciliations. • Providing financial reports.