Learn the definition of bank reconciliation statement and how to prepare it. Depending on the volume and value of bank transactions, the reconciliation activities are carried out daily, weekly, fortnightly etc.
To resolve by correcting the ledgerSelect Vouchers with Bank Allocation Details in Non-Banking Ledgers, and drill down. The vouchers appear as shown below: Press Alt+L or click Correct Ledger. Drill down from the relevant ledger. Make the necessary changes in the ledger. Accept the cha...
Import Data for Reconciliation: If your business involves payments through bank, you will need to reconcile your bank statements with your payments recorded in TallyPrime. The Import feature also allows you to import bank statements for bank reconciliation purpose. Similarly, before filing your returns...
Being a long-term or full-time traveler throws a whole new set of complications into the already daunting task of how to manage your money. In this guide, I cover the basics of financial planning and money management for travelers, all the way from setting a budget, saving money, and ...
My hope is that Citibank, Maybank and Bank of China (hahahahahaha) will make it easier for customers to track points in the future, which would save a lot of CSO bandwidth.
Learn how to write off business travel expenses. This guide covers deductible expenses, IRS rules, examples, and helpful tips for maximizing your deductions.
Bank reconciliation Another way to track cash is by reconciling your bank account. You check your bank statements against your records to make sure there aren't any discrepancies. You’d get an overview of all your transactions, not just cash. Reconciliation should be done every month, regardles...
t provide enough meaning for businesses to make key decisions. This is why the outstanding shares are so important. Outstanding shares are used in the calculation of the market capitalization value which is why market capitalization is more valuable than simply the stock price at a given point. ...
You should make a comparison of your payroll records with your organization’s general ledger. To achieve reconciliation, the payroll expenses in the ledger should tally with your payroll audit findings. You’ll have to reconcile your payroll records with your bank statements. It’s worth consideri...
Trump was asked whether there is a place for the Proud Boys and Oath Keepers in the “Make America Great Again” movement after he granted clemency to some of them, who were among the Jan. 6 rioters. Trump said, “Well, we have to see. They’ve been given a pardon. I thought their...