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Accounts Payable Salary Label

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Accounting / March 1, 2018 / Sharon Hardin

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 / July 16, 2018 / Justice Buckley

There’s one catch, however: in the rare event the issuer goes into bankruptcy, investors in convertible bonds have a lower priority to claim to the company’s assets than investors in...

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Accounting / July 16, 2018 / Collins Barber

Other types of working capital include Initial working capital and Regular working capital. The capital required by the promoters to initiate the business is known as initial working capital. On...

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Accounting / August 3, 2018 / Khloe Santiago

There is no specific guidance on which the profit amount should be used in the reconciliation. Different companies use operating profit, profit before tax, profit after tax, or net income....

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Accounting / August 3, 2018 / Sharon Hardin

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 / Khloe Santiago

Managing AP and AR can be a bit of a juggling act. Staying on top of these accounts means the difference between properly tracking your purchases and potentially overpaying or...

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Accounting / August 3, 2018 / Pearl Bailey

The APR represents the yearly real cost of a loan including all interest and fees. The total amount of interest to be paid is based on the original amount loaned,...

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Accounting / August 3, 2018 / Pearl Bailey

Because leases are legally binding agreements, your landlord can take legal action to recover back rent payments. In most cases, your landlord will win the lawsuit and a judge will...

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Accounting / August 3, 2018 / Collins Barber

A lease agreement is a legally binding contract between a landlord and a tenant. The tenant has agreed to occupy the property for a fixed term, usually a year. There...

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Accounting / August 3, 2018 / Holly Mercer

I recall being asked to reconcile the general ledger account Freight Payable. What I needed to do was provide documentation that the balance in Freight Payable was proper. I proceeded...

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