Remove Books Remove Credit Card Payments Remove Transactions
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Former CEO of Sustainable Fuel Company sentenced for $20m embezzlement

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He also made many purchases via the company books for items that would rarely be termed a business expense. To cover his tracks, Sherbacow resorted to altering bank statements and company documents. He then audaciously shared these falsified records with the company board and an outside accounting firm, betraying the trust placed in him.

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What Are the Disadvantages of Credit Cards for a Business?

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Most business owners consider credit card payments at some point—for good reason—but does accepting credit cards have any drawbacks? For most retailers, particularly those selling online, credit card purchases stand to make up a considerable amount of revenue. and 5% of a transaction amount.

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Veem Payments Review for 2019: Features, Costs, Reviews

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One top option for simplifying your business’s transactions? Veem payments services. This tech-based digital payment processor will take the complication and the costs out of paying your vendors and invoicing your customers. The technology that allows Veem payments to run so efficiently is called blockchain.

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How to Enter Credit Card Charges in QuickBooks Online

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When you use your business credit card for purchases, though, it means you must account for those transactions in your bookkeeping. If you use QuickBooks Online as your accounting software , you can easily account for all your transactions, and credit card transactions are especially easy to record.

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How to Keep Track of Multiple Credit Cards

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Why mess up a clean credit report at all if the credit bureaus see that negatively? Especially if your credit score can drop because of it. See why making timely payments is critical? How you can Get Sidetracked I assume sitting and making credit card payments is not the only thing going on in your life.

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How to Use Undeposited Funds in QuickBooks Online

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This is most common when you batch your deposits—only going to the bank once or twice a week—or when you accept a credit card payment and it takes a day or two for the funds to clear your bank account. Posting each payment to the Undeposited Funds account and then recording the deposit in QuickBooks Online allows you to do this.

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What’s the Difference Between a Purchase Order and an Invoice?

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When sending an invoice to collect payment, it’s imperative that you confirm the information is accurate so both you and your customer have a smooth transaction. An invoice acts as confirmation that the seller fulfilled their end of the transaction. Here’s an example of an invoice: What Will You Find on an Invoice? The Timeline.