If you have an interest-bearing account and you are reconciling a few weeks after the statement date, you may need to add interest as well. Your first step to prepare for a thorough account reconciliation is to compare your internal account register to your bank statement. Go through and check…
Why Some Companies Are Still Fully Remote
« The entire company has been complaining about this behind closed doors, » said one Dell staffer, who works alongside senior management. The employee asked to remain anonymous for fear of reprisals. The idea of fully remote work becoming the norm has come and gone, he said this week at a fireside…
Reconciling Account Overview, Process, How It Works
Give your accountant direct access to your books so she can find the reports and information she needs when questions arise. Create a separate login for your accountant to make it easy for her to work with you. You can exchange messages and share documents directly inside QuickBooks, too. FloQast’s…
Guide: What is cloud accounting and what are the benefits?
With a clear interface and features such as easy invoicing, expense tracking and timekeeping, users can navigate their financial tasks without a steep learning curve. The platform prioritizes simplicity, ensuring that even those with minimal accounting experience can maintain accurate and organized records. Accounting software is a computer program that…
Accounting Explained With Brief History and Modern Job Requirements
For example, when a business is sold, accounting records are required to prove the value of the company. Managerial accounting centers on optimizing big-picture financial strategies. Cost accounting specifically focuses on cost-benefit analysis and cost management. Forensic accounting is the process of closely investigating financial records and transactions for discrepancies…