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Category: Bookkeeping

What Is an Undeposited Funds Account?

September 22, 2023 admin Leave a comment

In these software systems, Undeposited Funds is a special temporary account that Total Office Manager uses to bookkeeping vs accounting: main…

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Posted in: Bookkeeping

How To Unreconcile in QuickBooks Online Safely and Easily

October 5, 2022 admin Leave a comment

If discrepancies between your records and the bank exist, understanding their side of the story might help pinpoint where things…

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Posted in: Bookkeeping

Why Is B2B Payment Automation in Accounts Payable Essential? MHC

June 6, 2022 admin Leave a comment

This efficiency is often measured through the accounts receivable turnover ratio, which indicates how quickly outstanding invoices are collected and…

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Posted in: Bookkeeping

Liabilities vs Expenses: Key Differences Explained

June 10, 2021 admin Leave a comment

Expenses are costs a business incurs to operate and generate revenue. Understanding your expenses is essential because they reduce your…

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Posted in: Bookkeeping

Autonomous AP: AI-Powered solutions

June 3, 2021 admin Leave a comment

Its advanced A/R reports integrate with your financial systems and include real-time aging reports, live DSO monitoring and customer reports…

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Posted in: Bookkeeping

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