What is the difference between provision for doubtful debt and provision for bad debt?

Content How to Calculate Bad Debt Expense Methods of Estimating Bad Debt Allowance Method: Journal Entries (Debit and Credit) Difference Between Bad Debt and Impairment Stay up to date on the latest accounting tips and training For example, a company has $70,000 of accounts receivable less than 30 days outstanding and $30,000 of accounts receivable […]

Business and License Alabama Department of Revenue

Content File & pay taxes Business License Application Rental and property Bank Account Information Business License operating license—just to do business in that state. However, you may still need a business license from your city or county. You , may also need a license from a relevant state or federal regulatory agency to perform certain […]

7 Steps to Audit Bank Reconciliation Statements

Content Step 4: Find G/L adjustments What is the Bank Reconciliation Process? Make the Cash Account Adjustments Final check How To Do Bank Reconciliation Match deposits and withdrawals to the balance sheet How do you treat errors in bank reconciliation statements? The right steps and technologies can help companies increase the speed and efficiency of […]