Bank Reconciliation
Bank reconciliation is the process of comparing and matching the balances of a company's internal financial records, such as the general ledger, with the balances shown on the bank statement. The purp
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Bank reconciliation is the process of comparing and matching the balances of a company's internal financial records, such as the general ledger, with the balances shown on the bank statement. The purp
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When starting a new business, it's crucial to plan your accounting and finances effectively to ensure the financial health and success of your venture. Here are some steps to help you plan your accoun
Continue reading →A board resolution is typically prepared and issued by a company's board of directors to make official decisions or document actions taken by the board. Here are some common situations when a board re
Continue reading →When it comes to documenting capital expenditures (Capex), it's essential to maintain comprehensive and organized records. While specific documentation requirements may vary based on business needs an
Continue reading →The main difference between Capex (Capital Expenditure) and Opex (Operating Expenditure) is the nature and timing of the expenses and how they are treated in financial statements. Here are the key dis
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