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Common issues include unrecorded bank fees and expenses, or payments that cleared later than expected. fixed assets Once you’ve addressed all issues, reconcile each account to ensure the ending balances in the software match the statement balances. By taking these warning signs seriously and initiating a bookkeeping clean-up, you’ll be well on your way to […]
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Similarly, real estate or equipment may be significantly undervalued or overvalued based on market prices versus their depreciated book values. Yet, this figure may not always reflect the real economic value of the company’s assets. This discrepancy arises due to several factors, including the accounting methods used, the nature of the company’s assets, and the […]
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