Payments are a pay-per-use feature; no monthly fees here! Your deposit times may vary based on your financial institution. All payments are subject to a risk review and periodic credit risk assessments are done on business owners because we need to cover our butts (and yours). In some cases, we may hold funds and request […]

In doing so, the business can effectively manage cash flow, ensuring timely payment of bills, and collection of receivables. It involves reviewing the general ledger to confirm that all entries and balances are correct. On the other hand, general ledger reconciliation focuses on the internal review of accounts. This is critical because any discrepancies left […]

To illustrate double-entry accounting, imagine a business sending an invoice to one of its clients. An accountant using the double-entry method records a debit to accounts receivables, which flows through to the balance sheet, and a credit to sales revenue, which flows https://www.bookstime.com/ through to the income statement. Large companies often use enterprise-level solutions like […]