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Balance sheet

Guidelines for balance sheets of public business entities are given by the International Accounting Standards Board and numerous country-specific organizations/companys. The standard used by companies in the USA adhere to U.S. Generally Accepted Accounting Principles (GAAP). The Federal Accounting Standards Advisory Board (FASAB) is a United States federal advisory committee whose mission is to develop generally accepted accounting principles (GAAP) for federal financial reporting entities. More >>>

Online Checking Account

An online checking account can significantly facilitate your cash flow and will allow you to use one of many ways to get cash: an automatic funds transfer, debit card, or check. In ordinary words, an online checking account is an account with a financial institution that can be easily managed through an online interface. More >>>

Online Merchant Account

An online merchant account represents a bank account t that enables business owners to pay and accept payments via the Internet. The payments are usually done using a debit or credit card. The difference between a traditional and online merchant account is that the payments are processed using special electronic processing services or tools. More >>>

Imprest Cash Funds

Both types of Imprest Cash Funds are established at an initial fixed amount, which may be adjusted up or down based on changing departmental needs over time. The cash in the fund plus receipts for expenditures should always equal the fixed amount of the fund. Imprest Cash Funds must not be maintained in checking or other bank accounts without specific authorization from the Treasurer’s Office. More >>>

Bookkeeping

Bookkeeping is usually performed by a bookkeeper. A bookkeeper (or book-keeper), is a person who records the day-to-day financial transactions of an organization. A bookkeeper is usually responsible for writing the "daybooks". The daybooks consist of purchases, sales, receipts, and payments. The bookkeeper is responsible for ensuring all transactions are recorded in the correct day book, suppliers ledger, customer ledger and general ledger. More >>>

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