Remove accrued-expenses
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Travel and Expense Policy: What Is It, Example Template, and Best Practices

Planergy

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Why You Need a Travel and Expense Policy?

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Ultimate Checklist for Trade Show Exhibits!

Supply Chain Game Changer

Being part of a trade show can accrue a lot of expenses, from transportation and accommodations to reserving a spot for any number of days. With all these expenses factored in, it’s only natural to account for all your overall spending given your objectives. Once that has been settled, you should stick to a budget.

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The Month-End Close Process: Everything You Need to Know

Procurify

Month-end close processes vary from organization to organization, but here are some things that should be completed every month-close cycle: Record all revenue and expense transactions and accrued liabilities such as payroll, taxes, and interest expense. Reconcile and record expenses, supplier invoices, and accounts payable.

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Chart of Accounts: What Is It and How Does It Work?

Procurify

To avoid mistakes, businesses use a chart of accounts – a list of records for each type of asset, liability, equity, revenue, and expense , which are organized into a variety of specific accounts. . 162:Prepaid expenses. 238: Accrued liabilities. 460: Depreciation expense. 465: Payroll tax expense. 179:Inventory.

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The Omnichannel Alphabet Soup!

Supply Chain Game Changer

The ecosystem and number of touch points are expanding fast, prompting businesses to accrue more systems to effectively conduct commerce, and it’s only proliferating. Systems weren’t integrated or linked, as doing so was an enormously expensive and mammoth undertaking with a mostly lousy ROI.

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High Inventory Levels: Overcoming the Challenge

EazyStock

A lot of personnel will be required, making salary expenses and incidental wage costs rapidly accumulate. Eventually, excess and obsolete stock will accrue, ruling out long-term success and leading to financial issues. High stock levels result in a heavy cost burden.

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Blockchain Technology is the Antidote to the Bullwhip Effect!

Supply Chain Game Changer

Capital is stuck for a variety of reasons: payments don’t go through until 60-90 days after the completion of a delivery; a company’s factory accrues real estate value without being capitalized; and on and on. Selected as one of the Top 75 Supply Chain Blogs on the Internet. Infographic) also by Jake Rheude.