Bookkeeping

What is an outstanding check?

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Outstanding Check Registers
How Outstanding Checks Work
What is an outstanding check?
In a bank reconciliation statement, an outstanding check must be subtracted from the bank…
Why Checks Aren’t Cashed
What to Do About Outstanding Checks

Once such checks are finally deposited, they can cause accounting problems. Furthermore, checks that are never cashed may constitute “unclaimed property” that must be eventually be turned over to the state. The payment goes on the general ledger, but […]

Fixed Expenses vs Variable Expenses for Budgeting

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Fixed cost vs. Variable cost – Key takeaways
Fixed vs. variable costs: The bottom line
The Bankrate promise
Examples of Mixed Costs in a Service Business
Is Credit Card Payment a Fixed Expense?
What Are Fixed Expenses?

Knowing how to include both in a budget is important to avoid overspending. It can also help with deciding how much of your income to commit to debt repayment, saving and other financial goals. Fixed costs are the […]

Shareholder Equity Definition and Meaning

Shareholders’ equity (SE) is also known as stockholders’ equity, both with the same meaning. This term refers to the amount of equity a corporation’s owners have left after liabilities or debts have been paid. Equity simply refers to the difference between a company’s total assets and total liabilities. What remains after deducting total liabilities from the total assets is the value that shareholders would get if the assets […]