When Should a Company Outsource?

While third-party billing relieves you of the administrative tasks related to invoicing and payments, it creates some new challenges. Some you’ll have to work through, and others are an ongoing aspect of working with an outsourced provider. Payments are highly...

What Are T Accounts? Definition and Example

Because T accounts are posted into the General Ledger of a business, they’re also commonly recognized as ledger accounts. T Accounts are also used for income statement accounts as well, which include revenues, expenses, gains, and losses. For information pertaining to...