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It is also much faster to access cash information in a cash book than by following the cash through a ledger. Let’s take a look at a couple of examples of cash receipts journals. To make sure cash receipt journal entry you have cash receipt accounting down pat, check out the example below. Say you [...]

We’ve helped franchises of all shapes and sizes with a scalable bookkeeping solution. Get the full picture of your financials or drill down location data in seconds with our custom reporting for franchises. Of course, you’ll also need to keep track of the revenue your business is making so that you can understand your cash [...]

However, it is important to note that there is no one ideal cash turnover ratio number. As with other ratios, it should be compared to competitors and industry benchmarks. A limitation of the ratio could be when a company has a high turnover ratio, which would be considered as a positive development by creditors and [...]

ContentUnderstanding the Need for Financial StatementsIs Bad Debt an Expense?Is bad debt an operating expense?Different Ways to Calculate Bad Debt ExpenseHow To Record Bad Debt ExpenseWhat is a bad debt expense?Firm of the Future When a company does not have a lot of bad debt expense, this strategy is quite reliable. When the company is [...]

The matter recorded in each phase of the audit is taken and is used for summarizing. And this is done as a memorandum stating all the progress, results, mistakes, suggestions and plans. Sky Ariella is a professional freelance writer, originally from New York. She has been featured on websites and online magazines covering topics in [...]