Indicate how control is maintained over petty cash transactions. HighRadius helps accounting and finance teams simplify and accelerate the financial close and reporting process. Unpresented Checks / Cheques – Unpresented checks/cheques are those that you issue to your suppliers or vendors or...

Here, a business receives payment in advance and it should provide goods/services as an obligation. Businesses would require distinctive analysis to follow the exact cash flow for businesses following accrual accounting principles. Since accrued revenue is earned and can be...

A thorough understanding of the project scope, potential risks, and historical data can significantly improve cost estimation accuracy. The primary reason behind using this accounting method lies in the inherent nature of these projects, which often take years to complete...

Doing so enables you to spot any suspicious account activity early and report it as soon as possible. By considering these factors, you can determine the ideal frequency for monitoring your checking account that suits your unique financial circumstances and...

Before we explore which term is best for which situations, let’s take a closer look at the meaning of FOB destination and FOB shipping point. This blog will further walk you through FOB shipping, FOB destination, FOB origin, its benefits,...