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Accounting Accounting software helps manage payable and receivable accounts, general ledgers, payroll and other accounting activities. Sales allowance is the reduction in the selling price when a customer agrees to accept a defective unit instead of returning it to the seller. Business Checking Accounts Business… Read More »What Is A Contra Asset Account? Definition, Types, Example, And More

Many professional service providers, such as law firms, marketing agencies, consultants, and IT service providers, require clients to pay a retainer before work begins. A retainer is an upfront fee that ensures the client has access to the service provider for a certain period. If… Read More »Unearned Revenue For Small Businesses

Organizations may face several security risks if vendor access is not properly managed, including insider threats, poor security hygiene and vulnerabilities in vendor systems. Even though vendors are external, their employees or contractors can access an organization’s sensitive information. There were several prominent data breaches… Read More »Vendor Master Best Practices: Keeping It Clean Mitigates Risk Strategic Audit Solutions