For example, a stock market index fund will have a low turnover rate since it duplicates a particular index and replaces holdings only when the index changes. An actively traded mutual fund may have a high turnover rate, depending on how aggressively its manager buys and sells holdings in searchContinue Reading
If the buyer thinks you did not follow the purchase order terms and conditions or made a mistake, you can reference the original PO. When recording a journal entry, date it correctly so that you can easily reference it later if needed. First, identify the accounts that will be affectedContinue Reading
If the buyer thinks you did not follow the purchase order terms and conditions or made a mistake, you can reference the original PO. When recording a journal entry, date it correctly so that you can easily reference it later if needed. First, identify the accounts that will be affectedContinue Reading
Acme posts a debit to decrease accounts payable (#5000) and a credit to reduce cash (#1000). The owner should review all of the documents before signing the check and paying the invoice. The owner or someone else with financial responsibility, accounts payable management like the CFO), approves the PO. PurchaseContinue Reading
It takes on a range of taxation work, from tax consultation and compliance methods to savings strategy implementation. It also offers bookkeeping, internal control evaluation, cash flow analysis, wealth accumulation strategies, succession planning, and risk mitigation solutions. The firm was established in 1989 and has since been serving clients throughoutContinue Reading