Loan


Imprest Balance

In most cases, such accounts are open to make payments that cover some work outside the regular working cycle or system, e.g...
The imprest balance is a part of a petty cash system used to gather a specific amount of cash for appropriate use...
Payments from the imprest bank account can be only done within the payment terms that are approved when entering into the bank agreement...
The bank’s petty cash fund must be replenished periodically to ensure the sum’s availability in case of necessity...
Accounts payable jobs also involve paying bills on a timely manner, ensuring the payments meet certain criteria, so that the company’s credit ratings remain high and solid....
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Balance sheet

Records of the values of each account in the balance sheet are maintained using a system of accounting known as double-entry bookkeeping...


Balance sheet substantiation

Balance Sheet Substantiation is the accounting process conducted by businesses on a regular basis to confirm that the balances held in the primary accounting system of record (e.g...
SAP, Oracle, other ERP system's General Ledger) are reconciled (in balance with) with the balance and transaction records held in the same or supporting sub-systems...
It comprises: Formally, shareholders' equity is part of the company's liabilities: they are funds "owing" to shareholders (after payment of all other liabilities); usually, however, "liabilities" is used in the more restrictive sense of liabilities excluding shareholders' equity...


Assets