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Bookkeeping Document Checklist: Collect and Organize Your Financial Documents

LedgerDocs

We have compiled a checklist of information to share with your bookkeeper: Business Documents: Business licenses and permits Employer Identification Number (EIN) Articles of Incorporation or Organization Operating Agreement or Bylaws (if applicable) Any relevant registrations or certifications Financial Statements: Balance Sheet Income Statement Cash (..)

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Cash fraud schemes

Accounting Tools

If the inventory level is lower than indicated by the cash register transactions, someone may be removing cash. Intercept in Mailroom Though rare, it is possible that a customer will send cash through the mail in payment of an invoice. This can be prevented by switching from petty cash to the use of procurement cards.

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Types of transaction cycles in accounting

Accounting Tools

Related AccountingTools Courses Bookkeeper Education Bundle Bookkeeping Guidebook Sales Cycle In the sales cycle, a company receives an order from a customer , examines the order for creditworthiness , ships goods or provides services to the customer, issues an invoice , and collects payment.

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Full charge bookkeeper definition

Accounting Tools

Responsibilities of a Full Charge Bookkeeper The subject areas over which the full charge bookkeeper has responsibility are as follows: Record and pay accounts payable Issue invoices to and collect from customers Calculate pay and issue payments to employees Create financial statements and related financial reports Remit payroll taxes , sales taxes (..)

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Source documents definition

Accounting Tools

Credit Card Receipt A credit card receipt can be used as evidence for a disbursement of funds from petty cash. Lockbox Check Images Lockbox check images support the recordation of cash receipts from customers. A supplier invoice also supports the recordation of an expense, inventory item, or fixed asset.

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The accounting cycle definition

Accounting Tools

Step 2: Prepare Business Document Prepare the business document associated with the accounting transaction, such as a supplier invoice , customer invoice, petty cash voucher , or cash receipt. Step 3: Identify Impacted Accounts Identify which accounts are affected by the business document.

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Payables clerk job description

Accounting Tools

Principal Accountabilities Match supplier invoices to authorizing purchase orders and proofs of receipt Take all economical early payment discounts Obtain payment approvals for non-cost of goods sold invoices Enter all supplier invoices into the payables software Issue notices to suppliers regarding rejected invoice line items Process expense reports (..)