Accounting Tools

JUNE 19, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Cash Reconciliation? A cash reconciliation is the process of verifying the amount of cash in a cash register as of the close of business. Close out the cash register.

Bank Reconciliation 75

Bank Reconciliation Cash Collection Reconciling Collections 75

Accounting Tools

JULY 28, 2023

Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Recognition What is the Installment Method? An overview of the installment method is that someone using it defers the gross margin on a sale transaction until the actual receipt of cash. Calculate the gross profit rate for installment sales occurring in that year.

Cash Collection 40

Cash Collection Accruals Collections Record Keeping 40

Accounting Tools

MAY 11, 2023

A smaller organization may not release a statement of cash flows for internal use, preferring to only issue an income statement and balance sheet. However, it is a required part of the audited financial statements that are released to lenders, creditors, regulators, and investors.

Financial Statements 40

Financial Statements Cash Collection Collections Payroll 40

Nanonets

APRIL 14, 2024

Versapay’s integration with Sage Intacct improves cash collection timeframes and provides a two-way connection between the two platforms. This ensures businesses remain compliant with tax regulations and reduces the risk of errors or audits.

AR 52

AR Payroll Data Entry Accounts Payable 52

Nanonets

FEBRUARY 21, 2024

Errors in cash records can compromise these forecasts, affecting strategic decisions based on predicted cash flows. Tax Accuracy: Proper accounting for cash sales through reconciliation ensures the accuracy of tax returns, providing necessary documentation for audits and confirming financial statement integrity.

Financial Statements 52

Financial Statements Collections Financial Records Reconciling 52

Jetpack Workflow

JUNE 27, 2023

Perform regular audits on client accounts to catch any mistakes or errors before they become serious issues. In other words, a firm’s initial CAS offering may mean completing outsourced accounting tasks like accounts payable/accounts receivable management, bill payments, and cash collections.

Accounting 52

Accounting Accounting Financial Reporting Cash Collection 52