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Jun 17, 20213 min read
What is a Profit and Loss Statement?
The Profit & Loss statement or P&L is an account compiled to show a business’s revenue, expenses, and net income over a given period of...
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Jun 16, 20212 min read
Why Would You Need to Do a Bank Reconciliation Monthly?
Why Would You Need to Do a Bank Reconciliation Monthly? Bank Reconciliation
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Jun 10, 20215 min read
Tips on Improving Accounts Receivable Processes
The ability to effectively manage your account receivables (AR) is a prerequisite for running a successful business. It is unfortunate...
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Jun 3, 20214 min read
How Does a Construction Company Improve Its Accounts Payable?
In the construction industry, the value of correct accounts payable and other accounting records cannot be underestimated. These expenses...
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May 23, 20213 min read
5 Tips To Boost Your Accounts Payable Processes
As a result of an inefficient AP process, companies may accumulate late payment fees, make duplicative payments, or fail to pay invoices...
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May 18, 20217 min read
9 Most Common Causes of Cost Overruns in Construction Projects
It's crucial to consider the source of cost overruns in building projects before figuring out how to deal with them.
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May 13, 20214 min read
How To Manage Your Accounts Receivable More Efficiently amid a Crisis?
Since the COVID-19 pandemic happened, businesses all over the world have experienced a lot. Appropriate accounts receivable management becom
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May 9, 20214 min read
Top 6 Reasons Lawyers Lose Financial Control
This article highlights critical accounting challenges that lead lawyers to lose financial control in law practices , emphasizing the...
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Mar 18, 20213 min read
What Does Reconciling Account Mean in Accounting?
When your business needs to prove or record its account balance, this is called reconciliation accounting. In all the activities that drive
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Mar 2, 20215 min read
Why Are Your Books a Mess? How to Clean Up Accounting Records?
WHY ARE YOUR BOOKS A MESS? Every small business owner has the best intentions from the beginning, but heavy responsibilities and busy...
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Feb 3, 20213 min read
4 Common Accounting Pitfalls Law Firms Must Avoid
- There is no Money In and Out of the fund (no flow of transactions)
- Overdraft client ledgers at the transaction level.
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Jan 19, 20212 min read
How To Write Off An Invoice in QuickBooks Online?
QuickBooks Online – on the other hand – will not allow you to use the Allowance for Doubtful Account.
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