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Accounts Payable Audit Report Label

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Accounting / July 17, 2018 / Ariyah Lang

You need to be able to track what you owe a supplier, what you’ve sold and what your customer owes you, especially in a large company that manages hundreds of...

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Accounting / August 3, 2018 / Khloe Santiago

Business financial statements use the terms "sales" and "receipts" in their reporting, depending on the type of statement and the accounting system of the business. While the terms sound similar,...

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Accounting / August 3, 2018 / Pearl Bailey

Both the debit and credit columns are calculated at the bottom of a trial balance. As with the accounting equation, these debit and credit totals must always be equal. If...

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Accounting / August 3, 2018 / Khloe Santiago

Lenders and investors want to see that your business is well-balanced with assets and liabilities, has positive cash flow, and will have capital to make expected repayments....

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Accounting / August 3, 2018 / Holly Mercer

When one thinks of how successful or unsuccessful a business is doing, it’s natural to lean towards the strategic elements of an organization that ensure profits come in: investments, funding...

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Accounting / August 3, 2018 / Ariyah Lang

Activity-based costing (ABC) is mostly used in the manufacturing industry since it enhances the reliability of cost data, hence producing nearly true costs and better classifying the costs incurred by...

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Accounting / August 3, 2018 / Collins Barber

Pretax Income: Another carefully watched indicator of profitability, earnings garnered before the income tax expense is an important bullet in the income statement. Numerous and diverse techniques are available to...

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Accounting / August 3, 2018 / Sharon Hardin

Some costs are difficult to assign through this method of cost accounting. Indirect costs, such as management and office staff salaries, are sometimes difficult to assign to a product. For...

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