by Baris Camkerten | Jun 24, 2021 | Bookkeeping
You can also set your own expense policies and ensure compliance in all transactions. It is linked to ERP and accounting software via a request-to-approval workflow, which lets you update the information and log reimbursements. Employees are relieved of the burden of...
by Baris Camkerten | May 19, 2021 | Bookkeeping
This is because different industries will have different cash pressures and potential short-term liabilities that companies will need to be prepared to account for. Investors will need to decide whether they think a company is managing this process well, paying close...
by Baris Camkerten | May 3, 2021 | Bookkeeping
See how your savings and investment account balances can grow with the magic of compound interest. So, in about 24 years, your initial investment will have doubled. If you’re receiving 6% then your money will double in about 12 years. If you include regular...
by Baris Camkerten | Mar 30, 2021 | Bookkeeping
Later, on March 31, when we pay back the $1,000 amount stated on the promissory note, we can make the journal entry for paying the notes payable with the debit of notes payable account and the credit of cash account. In a business transaction, there is usually a...
by Baris Camkerten | Mar 29, 2021 | Bookkeeping
If you haven’t received payment for more than 90 days, you can use a debt collection agency to follow up with your customer to collect the dues. Do your research to see if the debt collector is well known within your circles, and check their credit scores, track...
by Baris Camkerten | Nov 26, 2020 | Bookkeeping
If you find someone who is a good fit for your business needs, it doesn’t matter if they are in California while you work from New York. You’ll want to create a contract that outlines details, such as deadlines, rates and expectations so that everyone is on the same...
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