Accounts receivable

matching the address on the potential member’s photo ID to that of the referring member. If the addresses do not match, STOP! The NCUA is very clear that they must live in the same residence. Identity Verification Obtain information BEFORE opening an account. Verify the potential member’s government issued I.D. is valid and not expired! Government-issued identifications can include a driver’s license, identification card, passport, or military ID. Employee badges, credit cards, check cards and…

should log and calculate the money and receipts and the beginning of their shift and at the end of the day, and sign off and date it. At the end of the week the staff member that is in charge of the petty cash will take all of the receipts to the accounts manager, so that it can be used for businesses taxes. Write a policy for use of petty cash in this office. Include items you think might be paid from a petty cash fund. Petty cash policy for Baker Clinic: This policy establishes the proper…

horizontal analysis shown that from January 2013 to October 2014 the sales returns and allowances increased and the net income declined significantly. Assumed that during January 2013 to October 2014 the accounts that could affect revenues were relatedly stable except for the sales returns and allowances account and there was no special manufacturing problems that could cause increasingly sales returns, therefore, it should be a…

administrative and interest fees are applied. Interest fees will not accumulate until after the suspense date on the debt letter. Interest fees are processed as a DS01, company code E000088. 4) If a proration is requested and approved, then administrative and interest fees are applied. NOTE 2: When multiple Notification Letters of Indebtedness are sent out with the same suspense date, only one administrative fee is applied. NOTE 3: Administrative fee is not charged for debts that are placed…

1. Daily bank deposits do not always correspond with cash receipts. The time difference between receiving and depositing cash or checks causes bank deposits do not always correspond with cash receipts. That is why bank reconciliation is very important to a company. Performing bank reconciliation improves a company’s internal control especially in cash. To get an effective outcome of internal control, Covington, Inc. can reconcile its bank statement every two weeks instead of every month.…

year their total assets grow at least 30% and their current assets isn’t falling behind growing from year to year at an average growth rate of 34%. Most of this growth is pertained to Netflix’s “current content assets, net” account and its “non-current content assets, net” account. These…

BALANCE SHEET ANALYSIS SECURITIES, INVESTMENTS, AND OTHER Securities, Investments, and Other 2016 2015 2014 2013 Change Balance Sheet 9,069,209 8,360,290 7,737,748 7,118,504 1,950,705 Vertical Analysis 54.69% 52.80% 50.46% 50.09% 4.30% Horizontal Analysis 127.40% 117.44% 108.70% 100.00% 27.40% When looking at the vertical analysis of Sony’s balance sheets, the biggest change is in securities, investments, and other, which encompasses the company’s investments, as well as their sales and…

Mark Cartwright and his sibling Henry Stark settled Cartwright Lumber Company at 1994, and it is in Pacific Northwest city. The Cartwright Lumber Company centered the retail deals systems administration of wood to enormous piece of neighborhood. Cartwright centered moldings, plywood and other building materials and for the repair works. It is private company organization and in 2004, it procured absolutely 11 employees. The 5 representatives acted as diligent employees, and other 5 workers…

To begin, I will first define the difference between “net” pay and “gross” pay. When an employer hands you a check you are receiving “net” payment. What this means is that all withholding have been subtracted from your “gross” pay or what you actually earned. These withholdings include: federal and state income taxes, FICA, Medicare, and, in many cases, health insurance or retirement savings. What the employer does with these withholdings after collecting them from every employee is send the…

you for the opportunity you have given us to work with your company in order to find a solution to overdue accounts payable. Currently, the Disbursements at Ramsville are having trouble making payments on time to their supplier. At the moment, the company has almost 6.5% of your accounts payable overdue, that has led to impacting further shipments of parts. If the problem of overdue accounts payable doesn’t get addressed, it could lead to missed shipping due dates and eventually negative impact…