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Understanding Accrued Expenses and When to Record Them

WEBIdentify all expenses incurred during the period that have yet to be recorded. Make an adjusting entry in the ledger to record the accrued expenses under accounts …

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URL: https://ebizcharge.com/blog/understanding-accrued-expenses-and-when-to-record-them/

What are Accounts Receivable and Accounts Payable

WEBAccounts Payable (AP) refers to the money a business owes to its suppliers or vendors. It records the goods and services a business has received from its suppliers …

Category:  Health Go Health

Year-to-Date: What it Means and How to Calculate It

WEBYear-to-date or YTD is often used when discussing the timeline or performance of an activity or the status of finances over the current year. YTD refers to the period …

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What is a Ledger Balance

WEBAlso known as an opening balance, daily ledger, or current balance, a ledger balance is the amount of money in your business bank account at the beginning of each …

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7 Benefits of ACH Payments EBizCharge

WEBWhile there are a variety of advantages for businesses and customers that accept and use ACH payments, some of the most common benefits include: 1. Lower …

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What is a Ledger

WEBThe general ledger is like a financial hub where different accounts record a company’s transactions. Think of it as the go-to place for maintaining financial records and gaining …

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Markup vs Margin: What's the Difference

WEBSimply put, profit margin is the percentage of revenue that results in a profit, whereas a markup is the percentage added to the cost of production to arrive at the …

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What is Cash Application, Why It's Important, and More

WEBCash application is the process of accurately matching customer payments to their invoices and processing the payment so the money can be spent. Cash …

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Permanent vs Temporary Accounts: What’s the Difference

WEBPermanent accounts: These accounts provide an ongoing overview of a business’s financial standing, portraying its overall status without regard to specific …

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Unlocking Cash Flow Efficiency: Mastering the Cash Conversion …

WEBIn the intricate dance of business finances, understanding the efficiency of cash management is paramount. Enter the cash conversion cycle (CCC), a metric often …

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Credit Card Surcharging: A State-by-State Legal Analysis

WEBSince merchants are prohibited from making a profit from surcharging, there’s a limit to how much can be charged on any given surcharge. Although the average …

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10 Ways to Improve Your Business’s Budgeting & Forecasting

WEBWith these 10 tips to improve your business’s budgeting and forecasting, you’ll stay ahead of your finances and enhance the overall health of your company. The …

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The Ultimate eCheck FAQ: 20 Common Questions Answered

WEBWith EBizCharge, customers can apply eChecks to automated payments, recurring transactions, and more. This solution also offers full PCI compliance, in-house …

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Security Whitepaper

WEB2 Introduction Organizational Security Payment Security PCI TLS 1.2 Encryption Tokenization Servers, Backups, and Recovery Fraud Prevention Modules Third-Party …

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5 Ways to Professionally Ask for Payment via Email (With Templates)

WEBPolite and Professional Tone: Maintain a polite and professional tone throughout the email. Show gratitude for the partnership and for being chosen as a …

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Contact Support EBizCharge™

WEBContact our support team. Looking for immediate support? Call us! (888) 500-7798 x1.

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A Complete Guide to IoT Security: Issues, Risks, Standards, & More

WEBThere should be a strong emphasis on training teams on IoT security to understand new systems, implement routine virus scans, use secure Wi-Fi connections …

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Inventory Turnover Ratio Defined: Formula, Tips, & Examples

WEBSuppose ABC Electronics reported a Cost of Goods Sold of $500,000 for the previous year, and their average inventory value during the same period was $50,000. …

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