Bookkeeping

Content Part 1 of 2:Adjusting the Bank Statement Balance Timing Differences in Recording of Transactions Preparing a Bank Reconciliation Reconcile button Check that the Out of Balance field reports $0.00, then click the Reconcile button to record the reconciliation. This opens a new window where you are advised that your account reconciles. Pop-up window Reconcile …

How To Do a Bank Reconciliation in 5 Easy Steps Read More »

Content What are Invoice Payment Terms? Importance of Net 30 Payment Terms Understanding How Net 60 Payment Terms Work A better way to manage your finances Buyers also have reasons to embrace net 30 payment terms: Offer longer terms only to repeat customers if you can’t check their credit score The amount of sales credit …

What Does 1% 10 Net 30 Mean in a Bill’s Payment Terms? Read More »