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The ability to effectively manage your account receivables (AR) is a prerequisite for running a successful business. It is unfortunate...

In the construction industry, the value of correct accounts payable and other accounting records cannot be underestimated. These expenses...

As a result of an inefficient AP process, companies may accumulate late payment fees, make duplicative payments, or fail to pay invoices...

It's crucial to consider the source of cost overruns in building projects before figuring out how to deal with them.

Since the COVID-19 pandemic happened, businesses all over the world have experienced a lot. Appropriate accounts receivable management becom

This article highlights critical accounting challenges that lead lawyers to lose financial control in law practices , emphasizing the...

When your business needs to prove or record its account balance, this is called reconciliation accounting. In all the activities that drive

WHY ARE YOUR BOOKS A MESS? Every small business owner has the best intentions from the beginning, but heavy responsibilities and busy...

- There is no Money In and Out of the fund (no flow of transactions) - Overdraft client ledgers at the transaction level.

QuickBooks Online – on the other hand – will not allow you to use the Allowance for Doubtful Account.

In legal accounting, all cases expenses are not treated the same. It is important to ensure that every item billed is tracked

A fixed asset is a long-term tangible piece of property or equipment.