The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

Discover how escrow accounts reduce risk and ensure smoother closings in business deals across industries – including manufacturing, logistics, and distribution. When it comes to selling or acquiring ...

According to Visa’s official documentation, Account Funding Transactions (AFTs) is a transaction type used to withdraw funds from a Visa or Mastercard account for the purpose of funding another ...

PayPal offers businesses convenient ways of receiving payments and donations and easy integration with your back account in supported countries. Withdrawals from PayPal usually take two to three ...

QuickBooks accounting software takes much of the mystery out of managing your company's financial data. Many tasks that traditionally required the use of a full-time accountant take less time since ...

Reconciling a business bank account is the process of checking recorded transactions against those reflected on bank statements. From there, you’ll note which transactions aren’t reflected in both ...

A concentration account aggregates funds from various accounts into one to enhance cash management efficiency. Learn its purpose, benefits, and precautions against misuse.

If you have found any discrepancies in your statement, it's important to record these fraudulent statements. This could be anything from withdrawals you may have missed, transactions that haven’t ...

Larger M&A transactions and the resurgence of SPACs are reshaping the market, increasing the stakes for accurate, timely, and well-informed accounting decisions.