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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
1, May
2021

Everything you need to know about Account Reconciliation

Entrepreneurs, small business owners, and CEOs of large corporations are all responsible for monitoring an organization's financial health. And, at the end of the day, it's a business leader's responsibility to ensure all accounts are balanced and accurate. Every account from bank accounts, to accounts payable ledgers and accounts receivable reports, must be accurately reconciled using real numbers that represent the true business activities. Businesses use these numbers for creating operating budgets, applying for loans, and meeting payroll.

30, April
2021

The Accounting Cycle for your Small Business

The accounting cycle is several steps implemented during an accounting period. This process is implemented to manage.

2, April
2021

Accounts Receivable Defined

Unless you work in accounting, you might not understand exactly what the words “account receivable” actually mean..

31, March
2021

What is a Chart of Accounts?

The chart of accounts, or COA, is an accounting term that refers to the list of all the accounts used in the general.

10, March
2021

Calculating your Indirect Cost Rate and Its Importance

Identifying, calculating, and managing the numerous costs incurred by a company is a tough task. Most of the.

4, March
2021

Recording and Issuing Credit Memos

What is a Credit Memo?

Short for "credit memorandum" and also known as a credit note, a credit memo is a document.

3, March
2021

How to Understand Contribution Margin and Gross Profit Margin

When companies want to increase profits, it's best to study the contribution margin and the gross profit margin..

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