Bookkeeping

How to Catch and Correct Transposition Errors

Simple bookkeeping methods and personal reminders can help but the most effective way to detect these errors is with cloud-based data analytics. GLAnalytics is a leading provider of error detection software that will improve the integrity of your financial data, improve processes and save you money. As mentioned in the intro, data adp tips distribution […]

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Check: What It Is, How Bank Checks Work, and How to Write One

This includes tracking each transaction that has been made, ensuring that all checks have been deposited or cashed, and balancing your account on a regular basis. Setting up alerts for large or unusual transactions can also help prevent outstanding checks. Accounting professionals understand the importance of keeping an accurate and up-to-date record of outstanding checks.

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Everything You Need to Know About Outsourced Bookkeeping

An outsourced bookkeeper is a person or company that will perform your bookkeeping tasks out of office. It leaves room for everyone in-office to be solely focused on their own tasks and can eliminate the cost of an in-house bookkeeping team. An accounting firm is filled with highly educated and professional bookkeepers and accountants who

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Accounting and Consulting for Oil & Gas Companies

Valor Operator Services provides oil and gas accounting and bookkeeping services to oil and gas operators and investors. Valor provides full service JIB accounting, AFE accounting, oil and gas bookkeeping, accounts payable and joint interest billing, and financial, operational and production accounting. Valor stays on top of your oil and gas accounting and back office

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Net Income: Understanding the Bottom Line in Business Finances

A company with consistent or rising dividends, along with a steady net income, could potentially be a good investment. They also often use Price-to-Earnings (P/E) ratios and carry out dividend calculations. The P/E ratio provides a comparison between a company’s stock price and its earnings per share (EPS), offering insight into the company’s projected earning

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The __________ Method Records Bad Debt Expense Only When An Account Is Determined To Be Worthless a.

Once the percentage is determined, it is multiplied by the total credit sales of the business to determine bad debt expense. A bad debt expense is a financial transaction that you record in your books to account for any bad debts your business has given up on collecting. Companies write off or deduct business bad

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