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Accounts Payable Aging Label

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Accounting / July 16, 2018 / Collins Barber

Bank reconciliation statements ensure payments have been processed and cash collections have been deposited into the bank. The reconciliation statement helps identify differences between the bank balance and book balance,...

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Accounts Payable ProceduresAccounts Payable Procedures

Accounting / July 17, 2018 / Ariyah Lang

No matter what motivated you to start or what your business does, the inherent purpose of every business is to generate a profit. That means in order to know whether...

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Accounts Payable ProcessAccounts Payable Process

Accounting / July 16, 2018 / Justice Buckley

In the context of corporate financial reporting, the income statement summarizes a company's revenues (sales) and expenses, quarterly and annually for its fiscal year. The final net figure, as well...

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Accounting / August 3, 2018 / Pearl Bailey

Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical manner than the traditional approach of simply allocating costs on the basis of machine hours. Activity...

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Accounting / August 3, 2018 / Sharon Hardin

A bank reconciliation should be completed at regular intervals for all bank accounts, to ensure that a company's cash records are correct. Otherwise, it may find that cash balances are...

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Accounting / August 3, 2018 / Pearl Bailey

Debt financing can include borrowing from banks, business credit cards, lines of credit, personal loans, merchant cash advances, and invoice financing. This method creates a debt that must be repaid...

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Year To Date Profit And Loss StatementYear To Date Profit And Loss Statement

Accounting / August 3, 2018 / Holly Mercer

Unlike the balance sheet, which covers one moment in time, the income statement provides performance information about a time period. It begins with sales and works down to net income...

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Accounting / August 3, 2018 / Khloe Santiago

Working Capital Cycle or popularly known as operating cycle, is the length of time between the outflow and inflow of cash during the business operation. It is the time taken...

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Accounting / August 3, 2018 / Khloe Santiago

The income statement is one of three financial statements that stock investors need to become familiar with (the other two are balance sheet and cash flow statement). Understanding an income...

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Accounting / August 3, 2018 / Pearl Bailey

Running a business involves a constant learning curve. And that applies whether you’re a rookie entrepreneur just starting out with a great idea for a new business or a more...

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