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If you have accounting software, you can generate these reports easily and avoid a ton of manual work. Ideally, reconcile your petty cash fund daily or weekly because small payments…

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This system has existed since the 13th century and uses two accounts for every transaction; credit and debit. Many accounting associations are now working with legal, financial, technical, and regulatory…

However, since the consignee never really ‘owns’ the inventory, they are not required to record any inventory-related transactions in the company’s financial statements. Consignment stock is not part of a…