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QuickBooks is an accounting software package developed and marketed by Intuit.First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
The general ledger should include the date, description and balance or total amount for each account. Because each bookkeeping entry debits one account and credits another account in an equal amount, the double-entry bookkeeping system helps ensure that the general ledger is always in balance, thus maintaining the accounting equation:
Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms [citation needed] or payment terms.
What to expect in such a report: financial performance and position; key performance indicators/metrics; business commentary on the performance; reconciliation of actual results to budget, forecast and prior year results; The other divisions of accounting in this structure are: [3] invoice to payment (I2P), or P2P (Procure-to-pay)
Receivable turnover ratio or debtor's turnover ratio is an accounting measure used to measure how effective a company is in extending credit as well as collecting debts. The receivables turnover ratio is an activity ratio, measuring how efficiently a firm uses its assets .
The Avatar franchise is one of the most expensive franchises undertaken, with the combined budget of the first film and its four sequels estimated at $1 billion. The franchise has grossed more than $5.2 billion worldwide; it is the 15th-highest-grossing film series of all time.
It is unclear which sound-era production superseded it as the most expensive film, although this is commonly attributed to Hell's Angels (1930), directed by Howard Hughes; the accounts for Hell's Angels show it cost $2.8 million, but Hughes publicised it as costing $4 million, selling it to the media as the most expensive film ever made. [214]
Accounts receivable financing is a term more accurately used to describe a form of asset based lending against accounts receivable. The Commercial Finance Association is the leading trade association of the asset-based lending and factoring industries. [7] In the United States, factoring is not the same as invoice discounting (which is called ...