Categoría: Bookkeeping

Petty cash is useful for quickly covering minor incidental expenses that would be impractical to pay by check or credit card. In the ever-evolving landscape of business finance, the role of petty cash funds remains steadfast and essential. To establish a petty cash fund, you’ll need to determine the total amount appropriate for your business.…

Additionally, by managing your charges, you can avoid unpleasant surprises when it comes time to settle your bill. It’s also important to note that if you used a debit card to pay for your , your options for disputing charges may be more limited. Debit card transactions are processed differently than credit card transactions, and…

The allowance, sometimes called a bad debt reserve, represents management’s estimate of the amount of accounts receivable that will not be paid by customers. If actual experience differs, then management adjusts its estimation methodology to bring the reserve more into alignment with actual results. The Direct Write-Off Method is an alternative approach to accounting for…