Nonetheless, it’s essential to follow certain steps to avoid missing critical data. It is important to regularly review and update your budget report to ensure that it remains accurate and relevant. This will help you make informed decisions and adjust your financial strategy as needed. Favorable vs. Unfavorable Budget Variances Finally, you should practice and […]
Category Archives: Bookkeeping
It may be a matter of supplementing the family income or simply wanting to gain satisfaction from their own careers. Discover how we can help you have better finances with a personalized demo from a Bench expert, ready to answer all your questions. Sign up as a customer family bookkeeping today and get a free […]
It’s important to note that issuing a credit memo is part of standard business practice and should not be taken lightly. This helps to ensure that customers are treated fairly and that businesses comply with applicable regulations. It can help build better customer relationships and keep a good name over time. Businesses that sell products […]
A credit memo (or credit memorandum) is a financial document issued by the seller to the buyer, indicating a reduction or refund in the amount owed by the buyer. It is typically used as a correctional document to reduce the amount owed due to errors, price adjustments, or returns in sales transactions. When customers return […]
Most businesses have customized receipt books that have all this information pre-printed at the top left-hand corner of the receipt page. If you don’t have a customized receipt book, you will have to write down your company phone number/hotline and address under the company name. While how to fill out a receipt book keeping track […]
For minor errors, such as a misspelled name or incorrect date, simply draw a line through the incorrect information, write the correct details above, and initial the correction. This ensures that the receipt remains accurate and trustworthy while maintaining a professional appearance. If you’re using a carbonless receipt book, make sure to apply enough pressure […]
Forensic accounting is a type of accounting that investigates financial information for potential evidence of crimes. Forensic accountants use legal skills to determine if a financial activity is illegal and provide litigation support and investigative accounting services. Organizations can utilize forensic accountants to track their financial performance, identify fraudulent activities, or prevent fraud before it […]
Their work often involves creating financial profiles of individuals or businesses involved in a case, calculating economic damages, and analyzing relevant financial evidence. Unmasking fraud and preventing it from reoccurring stands as one of the cornerstone responsibilities of forensic accountants. Beyond just the numbers, they’re able to interpret the financial data in the broader context, […]