How to convert accrual basis to cash basis accounting
It's best to get advice from a tax accountant if you fall into this category. The cash method is the most simple in that the books are kept based on the actual flow of cash in and out of the business. Incomeis recorded when it's received, and expense...
Reconciliation
To better explain account reconciliation, it is one of the most common yet important actions taken for managerial accounting. It is also important to reconcile balance sheet accounts at the end of a period (month, quarter, or year-end) as part of the...
Cash receipts procedure
However, I have not been able to establish a good set of internal controls to keep this situation from happening. And what does either of those things have to do with control of cash receipts and disbursements?...