Bank Reconciliation: Purpose, Example, Process
As a result, the bank statement balance will be lower than the cash book balance, so the difference will need to be adjusted in your cash book before preparing the bank reconciliation statement. Reconciling bank statements with cash book balances helps your business know the underlying causes of these balance differences. Once the underlying cause […]
Salvage Value Formula + Calculator
Taxes can impact the salvage value of an asset by either reducing the amount of money received from the sale if there is a gain, or providing a tax deduction if there is a loss. As is clear from the definition, the value of equipment or machinery after its useful life is termed the salvage […]
The complete guide to finance and accounting outsourcing services
Once you’ve set your sights on outsourcing, the road to choosing a provider might get a little bumpy. The last thing you need is to find yourself on the other end of a costly mistake. Which is why we’ve summarized the top net profit margin definition formula and example calculation five most vital things to […]