This is then reversed when the next accounting period begins and the payment is made. The accounting department debits the accrued liability account and credits the expense account, which reverses out the... Read more »
If you adjusted a reconciliation by mistake or need to start over, reach out to your accountant. Once you have your monthly bank or credit card statement, you can start reconciling. If... Read more »
The Edelstein team aims to have each and every service area guided by the power of business information. Businesses require meaningful financial information and insights to succeed and operate efficiently, and it’s... Read more »