af Allan Jensen | apr 6, 2023 | Bookkeeping
This, in turn, lowers the risk of financial errors and boosts transparency and accountability in the organization’s financial reporting. Its multi-level approval workflow simplifies the review and approval of expenses; the automatic acknowledgment of bills and...
af Allan Jensen | dec 13, 2022 | Bookkeeping
The overdraft loan period is 6 months (from June 1 to December 1, 2020) with an interest of 12% per year on the used amount. This journal entry is made to eliminate both the overdraft loan and interest payable that the company has recorded in the prior period. After...
