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What is difference between auto data entry and manual data entry?
This is from my experience in Remittance processing or Payment processing - A company sends a statement for payment to a customer, the customer in turn sends back statement with payment for credit to their account. The statement has scan line that has OCR characters with the customers account number and amount of payment due that is readable by a data entry machine. When the customer sends payment that matches the amount due exactly, those payments can be processed by machine as an automatic entry reading from the scan line and without having to be keyed manually key entered on a ten key pad by an operator. These payments are processed in batches. Manual entry is when a customer sends a payment that is different from the amount due on the statement, an operator has to manually enter that payment into the data entry machine using a ten key pad. These payments are also processes in batches.
HOW DO YOU RECORD A JOURNAL ENTRY FOR A NSF FROM THE BANK?
To record a journal entry for a Non-Sufficient Funds (NSF) check from the bank, you would typically debit the Accounts Receivable account to reverse the payment that was previously recognized, indicating that the funds were not received. Additionally, you would credit the Cash account to reflect the decrease in cash due to the NSF check being returned. This entry effectively reverses the earlier transaction where the payment was recorded.
What does an amortization table show me?
An amortization table is a report of all pertinent information regarding a loan including the terms of the loan and a list of each calculated loan payment. Each loan payment entry could show:the amount of principal due as of this paymentamount of the paymentportion of payment used as interest (the amount of interest in this payment)portion of payment that reduces the principal for the next payment entry
Can you provide a detailed payment breakdown for this service?
Here is a detailed breakdown of the payment for this service: The total cost is 500, which includes a 50 deposit upfront and the remaining 450 due upon completion of the service.
What is journal entry for brokerage due to us rs 500?
Accrued income To Income (Being Brokerage due but not received)
How Due date for service tax payment of sole proprietorship?
pay qtly. service tax in case of sole proprietorship
Do to the payment not received by the due date when to use due or do?
-It WOULD be 'Due to the payment not rec'd...'It can be quite comforting to know what to do when the time is due. -See the link(s) provided below:But here's one just for fun: Please tell me that you Do know when the Dynamic Duo is due!
What happens if I mail my credit card payment on the due date?
If you mail your credit card payment on the due date, it may arrive late and you could be charged a late fee. It's best to send your payment a few days before the due date to ensure it is received on time.
Discount received from the supplier or allowed to customer for making the early payment of due is termed as..?
Trade Discount
When is an account 30 days past due?
The account would be 30 days past due if no payment is received by the next due date. So, for example, if you missed a payment for this month's due date, at the next due date you will be 30 days past due and owe two payments.
Is there a grace period for paying auto insurance in Minnesota?
According to my agent, there used to be a ten day grace period from the policy payment due date to the receipt of payment. She said that was no longer the case. If payment is not received on the payment due date, you are considered un-insured. My auto debt form is in the mail!
What is an increase in Accounts Payable?
An increase in Accounts Payable means that the company has received more invoices that are due for payment.
