ASK Bank A & B to do some research, on the check processing. Investigation the banks have an obligation to it's customers if the check has cleared. With the new check process it's becoming harder because everything is being done electronically
A check payable to someone means that the person named on the check is authorized to receive the money specified on the check. When the recipient deposits or cashes the check, the bank deducts the amount from the account of the person who wrote the check.
telephone bill acto cashWhen you receive the bill, but have not paid it, which is done in accrual accounting but not cash basis, the entry is:Telephone Expense (debit) $$$Telephone Expense Payable (credit) $$$Once the bill is actually paid, even then it is removed from the payable with the following entryTelephone Expense Payable (debit) $$$Cash (credit) $$$If you are paying the bill as you receive it, the only difference is skipping the payable account and debiting the expense account and crediting the cash in a single entry:Telephone Expense (debit) $$$Cash (credit) $$$
Make the check payable to the person or organization that you want to receive the payment.
what is it best to receive before paying and invoice
what is it best to receive before paying and invoice
Yield to worst is the lowest possible yield an investor can receive on a bond, taking into account all potential scenarios. Yield to maturity, on the other hand, is the average return an investor can expect if they hold the bond until it matures.
Yes. The fund may have been in your parent's name at death in a "Payable on Death" account where your parent named a beneficiary directly with the company or bank that held the funds.
what is it best to receive before paying and invoice
Yes, you need a Wise account to receive money.
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Accuracy is very important in accounts payable and accounting in general. If accuracy is not done in accounts payable, there could be several consequences. If you are not accurate on the amount due you may over pay a bill or under pay a bill. In the first senario one would be wasting usuable cash to the company if they overpaind a bill. If you under pay a bill, the company may receive a late fee or eventually not be given credit on account from the company in the future. Also if your accounts payable is not correct your financial statements will be incorreect. Net income of the company may be higher or lower depending on if there is an overstatement or understatement of accounts payable.
No, C.A'a have no form of legal recourse if the SOL date has passed