Category: Bookkeeping

This is very essential step to restarting your accounting cycle for the next accounting period. After the company makes all adjusting entries, it then generates its financial statements in the seventh step. For most companies, these statements will include an income statement, balance sheet, and cash flow statement. The accounting...

The HighRadius™ Treasury Management Applications consist of AI-powered Cash Forecasting Cloud and Cash Management Cloud designed to support treasury teams from companies of all sizes and industries. Delivered as SaaS, our solutions seamlessly integrate with multiple systems including ERPs, TMS, accounting systems, and banks using sFTP or API. They help...

ContentExchange the receipt for a new chequeAlert: highest cash back card we've seen now has 0% intro APR until nearly 2025Reconcile Your Petty CashPetty cash expenses listDo: require employees to account for expenses Companies sometimes do this to avoid using a credit card or writing a cheque. The most common...

This will help you avoid late fees and overdraft charges. If there is more than one way to connect to your financial institution, Quicken will prompt you to select your preferred connection method. Direct Connect may be an option if your bank provides it, but fees could apply. Check with...

Subscription billing software and is designed to make your life easier by generating customized invoicing plans and managing all the myriad pieces of the billing cycle. However, there may be different service levels, or “tiers,” that offer more or fewer features, with corresponding price differences. Negative-option billing is most commonly...

Typically, the parent company debits the cash or receivables account to reflect the increase in cash and credits the investment in subsidiary account to reduce its carrying value. This journal entry is to eliminate the dividend liabilities that the company has recorded on December 20, 2019, which is the declaration...

ContentWhy should a Business hire a Virtual Bookkeeper service?Get Your First Month of Bookkeeping for FREE!What Are the Benefits of Using Virtual Bookkeeper Services?Role and Responsibilities of a Virtual BookkeeperTypes of Virtual BookkeepersDefine a Virtual Office Virtual bookkeeping services are a great option if you’re a business owner and need...

It is used to offset the original cost of an asset, providing a more accurate representation of its current value on a balance sheet. By separately stating accumulated depreciation on the balance sheet, readers of the financial statement know what the asset originally cost and how much has been written...

Long-term investments, such as real estate, are not considered current assets because they cannot be liquidated quickly. However, there are variations in working capital and how it’s calculated that offer insight into the different levels of liquidity of a business. A ratio between 1.5 and 2 is generally seen as...

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