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What is Accounts Receivable Reconciliation?

Accounts

Accounts Receivable (AR) reconciliation is a critical process in financial management that ensures the accuracy and completeness of the amounts owed to a business by its customers.Quick Books.. It involves comparing the balances in the AR ledger with external sources, such as customer invoices, payments received, and statements from customers or clients. By reconciling accounts […]

What is Bookkeeping?

Bookkeeping

Bookkeeping is the process of recording and organizing financial transactions for a business or organization. It involves tracking income, expenses, and other financial activities, and maintaining accurate records of financial information. Bookkeeping is typically done on a regular basis, such as daily or monthly, and is used to create financial statements, balance sheets, and other […]