Accounts payable explanation, journal entries, examples
When the AP department receives the invoice, it records a $500 credit in accounts payable and a $500 debit to office supply expense. Management can use AP to manipulate the company’s cash flow to a certain extent. For example, if management wants to increase cash reserves for a certain period, they can extend the time the […]
Marketing A Bookkeeping Business + How To Create A Marketing Plan
This method is often used by small businesses with straightforward accounting needs. Provide an itemized list of the services rendered, along with their corresponding costs. Transparently detailing the services ensures clarity and helps clients understand what they are being billed for. It also facilitates easier tracking of expenses and supports future reporting and analysis. Steps […]
