por admin | Jun 8, 2023 | Bookkeeping
Your account number is also needed when setting up electronic transactions. When you cash a check, the routing number allows the receiving bank to request the funds from the correct institution. You’ll also need the routing number to set up electronic transactions...
por admin | Ago 19, 2022 | Bookkeeping
For the receiver, we should set up strict policies to clear the check on time to prevent any unexpected issues such as loss or fraud. The check should be deposited within a month after receiving it from the customers to ensure that they are properly clear. As the...
por admin | Dic 20, 2021 | Bookkeeping
It may also be an important signal when a company that has been regularly paying dividends cuts the dividend. When the board of directors declares a dividend, it will result in a debit to Retained Earnings and a credit dividends account to a liability such as...
por admin | Jul 15, 2021 | Bookkeeping
This means that you need to keep track of your income and expenses carefully, as you’ll be responsible for paying your own taxes. With accounting software, you can easily track your income and expenses, so you always know how much money you’re making and...
por admin | May 26, 2021 | Bookkeeping
That, in turn, makes it easier to resolve disputes or misunderstandings or to avoid them in the first place. It isn’t realistic to expect that you’ll be able to do the same without any training. Of course, you’ll also need to keep track of the revenue your business is...
