Tag Archives: vendor credits

The feelings are not mutual

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Overwhelmed by the prospect of buying individual stocks, you may turn to mutual funds. Mutual funds are marketed as a simple way to own a diversified portfolio managed by a professional. Unfortunately, mutual funds are confusing and complex. Confusion is rampant. There are as many mutual funds as there are individual stocks. Just when you [...]

8 Steps To Keep Better Control Of Invoices – part 1

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When companies are recording payments, it might make the most sense to run ACCOUNTS PAYABLE reviews more frequently than once or twice monthly, to keep better control of invoice due dates and to pay those invoices when they’re due and not before. The smaller the business, however, the more difficult this may be. At the [...]

How to Make Entries to Your Accounts Payable – part 2

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Accounts payable may be affected by adjustments— decreased by vendor credits, for example, or increased by interest charges on delinquent accounts. The danger isn’t great from inappropriate crediting, but be cautious nonetheless. These adjustments should be treated with as much care as adjustments to accounts receivable. Supporting documentation for any vendor adjustment should be required. [...]

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