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The petty cashier will be responsible for the petty cash drawer and making the right accounting entries. Additionally, the petty cash custodian is also responsible for distributing the cash and collecting bills and receipts for all expenses caused by the petty cash. Be as specific as possible, so there is no doubt that the transaction …
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One key thing to consider when choosing preferred stock is the dividend. Compare the dividends you’ll receive relative to the share price to determine if the yield offers an attractive return. Stocks should be considered an important part of any investor’s portfolio. They carry greater risk than assets like CDs, preferred stocks, and bonds. The …
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At EY, he focuses on strategy, process and operations improvement, and business transformation consulting services focused on health provider, payer, and public health organizations. Austin specializes in the health industry but supports clients across multiple industries. Quick assets allow a company to have access to its current ratio of working capital for daily operations. On …
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We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. By estimating your net profit, you can see how your revenue and expense plans will affect your bottom line. All in all, this led to …
Retained earnings resides on the balance sheet in the form of residual value of the company, while revenue resides on the income statement. It’s important to note that retained earnings are an accumulating balance within shareholder’s equity on the balance sheet. Once retained earnings are reported on the balance sheet, it becomes a part of a …
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Lastly, one of the biggest security threats is phishing attacks that target employees directly. By tricking them into visiting a malicious link or downloading an infected attachment, hackers can steal credentials or deploy malware inside a company network. The widespread campaign by Clop, a Russian-speaking group, exploited a critical vulnerability in Progress’ MOVEit file transfer …
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There are several ways you can lower the amount of cash that a company spends during any given financial year. For example, keeping track of how much money is being spent on supplies means that you won’t run out of certain items and disrupt the workflow or productivity of your employees. For example, if a …