Tag Archives | Reconcile

Reconcile what…when…HOW?!

Small business owners often view cash as “the account” to reconcile. While cash is a critical item, that is not the only reconciliation to be done. Best practice is to reconcile all Balance Sheet accounts on a monthly basis and subsequently close the period once final. It is helpful to maintain a checklist of accounts […]

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Cracking the Code of Unbilled Receivables

Unbilled Receivables can present a significant risk for government contractors and can affect revenue, audits, and obtaining lines of credit. Having Unbilled Receivables means revenue has been recorded but not yet billed. It is important to understand what makes up this balance and reconcile this account as part of your month-end process. There are several […]

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