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[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is Budget Reporting?Definition: Budget reporting is the process by which a company measures its actual achievement against its targeted figures. This helps it to see if it is on track to meet its business objectives. It also enables...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is a Budgeted Balance Sheet?Definition: A budgeted balance sheet is an estimate of a company’s balance sheet at some future date. A projection is made for each account that appears in the balance sheet based on the company’s...

What are Canceled Checks? Definition: A canceled check is a check that has been paid into the payee’s account. It cannot be used to take out any more money from the payer’s account.  What does a Canceled Check mean? A company that buys raw materials from a supplier may...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is a Cash Budget?Definition: A cash budget is a projection of a company’s future cash inflows and outflows. It is usually prepared on a yearly basis and provides details of expected cash receipts and disbursements. The yearly cash...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is a Cash Receipt?Definition: When a customer pays a business in cash or by check, it is referred to as a cash receipt. Even payments made by debit/credit card or by wire transfer are referred to as cash...

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