A sales ledger tracks sales and invoices for a business, with columns for date, invoice number, description, and amount received. It helps track profits, buying trends, and is useful for tax returns and audits. Updating it frequently is important to avoid mistakes. A sales ledger is an accounting tool used in business to track sales […]
Accounting management oversees the monetary aspects of a company, from planning to implementation. It is typically found in large organizations, where the department monitors expenses and manages money flow through the organization. Accounting management is an applied field that deals with money entering and leaving a system. In many ways, it is the applied form […]
A national account manager oversees relationships with large clients, manages a small number of accounts, and can be part of sales or project management teams. Duties include receiving orders, suggesting new products, and coaching clients. The position varies depending on company size and structure, and can involve sales or project management tasks. The location of […]
Discretionary accounts allow a broker or authorized person to manage an investor’s assets without needing to settle transactions beforehand. The investor can revoke privileges at any time and still has access to reports and updates on their portfolio. It is ideal for busy investors who trust their broker. Discretionary accounts are investment accounts that are […]
Accounting transactions track a company’s assets, liabilities, and equity. Debits increase assets or decrease liabilities, while credits decrease assets or increase liabilities. Transactions must have an equal effect on both sides of the equation, and common transactions include issuing stock, receiving payment for services, and paying expenses. Accounting transactions are used to keep track of […]
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