The bookkeeper is unable to balance the company’s trial balance, with the credit column exceeding the debit side by $500. A customer paid $1,000 in cash without specifying which invoice the payment relates to. Let’s suppose you have been alerted that a remittance someone sent you from abroad is ready for withdrawal. Until you actually […]
Category Archives: Bookkeeping
Solutions Tax & Bookkeeping, LLC has won the 2015 Best of Winners Award. Bookkeeping Services of Plano is an accounting firm located in Plano with well over 20 years of experience in the industry. The company’s services include bank and credit card account reconciliation, account payable and accounts receivable, financial reporting, billing and invoicing, tax […]
Locate the email template, choose the Customer P.O. Number option, and remember to save before exiting the screen. You can send out a gentle reminder days before the payment is due, and then follow up with a stronger reminder if payment is not received by the due date. While some are brand new, others have […]
As you put a checkmark on a transaction, you’ll notice that the cleared balance and difference on the lower right side of the screen adjust. This process involves carefully reviewing the credit card statement transactions and comparing them to the corresponding entries in QuickBooks Online. To reconcile the differences, start by accessing the ‘Reconcile’ feature […]
It is also very likely that, in the next few years, more audits will be augmented by cognitive technologies, which confer many of the same benefits and may portend even greater potential than other technologies for the audit. Whatever your stance, it’s hard to ignore the growing number of organizations accepting cryptocurrency. This has made blockchain […]
Detecting trends helps in making proactive decisions and adapting strategies to capitalize on opportunities or mitigate risks. As startups grow, maintaining http://sap-events.ru/technology2011 financial discipline becomes paramount. Establish clear expense policies and controls to ensure that spending aligns with strategic objectives. Handle accounts receivable and payable Many founders decide to hand-off the startup accounting responsibility to […]
A law firm’s accounts receivable (A/R) represents all outstanding client payments for work that has been completed and invoiced. Some law firms consistently maintain a high A/R, whether due to strict payment terms, unresponsive clients, or a myriad of other potential law firm accounts receivable management reasons. But ultimately, regardless of how high a firm’s […]