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How to use the Undeposited Fund Account in QuickBooks Online
The Undeposited Account is useful because: It helps to keep paid or closed invoices separate from open or unpaid invoices when cash has been received. Using it will delay cash book updating until the funds are in the bank making bank reconciliations easier. Will...
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Why is Cash Flow Forecasting so Important to a Business
In this article I hope to shed the light "ungeek" the term "cash flow". We will discuss "cash flow" under the following headlines. What is Cash Flow Why is Cash Flow so important? Top Tips from UFirst Bookkeepers Cash Flow Template What is cash flow Cash Flow is the...
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Why is it important to create workflows and checklists
In this article we discuss the following: A definition of a system or workflow in business The key advantages of creating systems in your business Examples where we can use systems in Accounting What is a Business or Workflow System? A flow of tasks or processes...
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