by admin | Mar 8, 2024 | Bank Reconciliation
Basically, bank reconciliation is the process of matching the cash balance that shows in the company’s business books against the actual cash in the bank. With the increasing use of entities to receive and make payments, it is valid to think about bank account...
by admin | Jan 19, 2024 | Bank Reconciliation
As part of their regular financial management, business owners should compare their accounting records with their bank transactions to ensure that there are no mistakes or discrepancies. This involves checking that the numbers in their balance sheet match up with...
by admin | Jan 2, 2024 | Bank Reconciliation
To reduce financial risk, both internal and external audits are important, so it is vital to ensure they are properly done. The bank reconciliation process can help you address any financial discrepancies or gaps and must be performed accurately daily, weekly, or...
by admin | Dec 8, 2023 | Small Business Bookkeeping
Accounts receivable measures the money that clients owe to the business for goods or services provided. On the other hand, accounts payable refers to the money a company owes to its suppliers or vendors for goods or services received. As a business owner, staying on...
by admin | Dec 2, 2023 | Bookkeeper Services
Balancing business books is crucial for every business owner to run a business successfully. Keeping an eye on your accounts and monitoring payments that come in and go out is critical if you operate a business. If your books are outdated or your funds are in chaos,...
