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 Account Receivables 40