6 Basic Business Activities
These activities can be found on a company's financial statements and in particular the income statement and cash flow statement. These line items impact the net income on the income statement but do not result in a movement of cash in or out of the ...
Understanding and Fixing Opening Balance Equity in QuickBooks
In QuickBooks, both the Accounts Payable and Accounts Receivable are considered different. It is created by QuickBooks when you enter opening balance in the balance sheet account for the first time. In addition to this, when you enter the opening bal...
Penalty for Cashing a Check Twice: Legal Action, Fees, etc Explained
Wait a few days before contacting your bank about holds on deposited checks. A bad check is a check cashed when the person who wrote it doesn’t have adequate funds in their account to cover the check amount by the time it clears. Sometimes called a b...