Bookkeeping

The Difference between Bookkeeping and Accounting

Recruiting, onboarding, and managing an internal finance and accounting team takes up a significant amount of time. By partnering with an outsourced accounting services firm, business owners can free up the time they would have spent managing their accounting department to focus on running their business. During tax season or other financial reporting periods, bookkeepers …

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What are Outstanding Checks? Definition Meaning Example

Meanwhile, government checks (such as for a tax refund) expire a year after they’re issued. Recipients can usually request that expired government checks be reissued. Additionally, outstanding checks can affect your budgeting and financial planning. You may think you have a certain amount of money available, but if there are outstanding checks that haven’t been …

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