Content How to Manage Petty Cash Funds How to Account for Petty Cash Petty Cash Funds Accounting Topics Internal Controls Verifying petty cash transactions is called petty cash reconciliation. The purpose of this check is to ensure that funds are being used appropriately. By regularly tallying the funds, verifying receipts and vouchers, and reconciling expenditures, […]
Content “Single source platform” Connex Sync with Connex Food Service Distribution Software Frequently Asked Questions about Digital Connex You could just use the supplied remote of course, but that’s not always conveniently to hand. Elsewhere, it would be nice to have some indication of volume level. At the moment there isn’t anything, which could lead […]
Content Step 1: Plant assets and current assets Identify the main difference between (a) plant assets and inventory, (b) plant assets and current… Helping Learn Accounting – Financial & Managerial Significance of PP&E It also covers the various methods of depreciation, why each method is used, and the “rate of return” expected by an organization […]
Contents: What is an encumbrance? Accounting Rules Categories – Encumbrance External Encumbrance What is an example of an encumbrance? The https://1investing.in/ transaction shows an outstanding commitment by an organization. When an encumbrance is established, the organization’s financial manager should ensure funds will be available for payment of the transaction, in accordance with the overall life-cycle […]
Content Factoring vs. other types of small business lending Disadvantages of Invoice Factoring Lending Options What is the difference between invoice factoring and invoice financing? What is the cost of invoice factoring? Factoring explained While factoring fees and terms range widely, many factoring companies will have monthly minimums and require a long-term contract as a […]
Content Solvency Measures or Ratios How to Help Your Small Business Recover After the Holidays WHAT IS SOLVENCY RISK? Limitations of Solvency Ratios What’s the difference between liquidity and solvency? What is solvency? But be cautious about acquiring new debt; too much of that will put you right back where you started. Customers and retailers […]
Content Check, money order or cashier’s check The Electronic Federal Tax Payment System Can I Cancel my Tax Payment? How Do I Know If the IRS Will Take My Refund? When To Pay Your Taxes And the other way to eliminate How And When To Pay The Irs If You Owe Taxes is what’s called […]