Accounts Reconciliation Blog

The accounting department of a business is the heart of the business. The accounting department will handle all financial transactions including finance reports. The financial reports will be done on a weekly or monthly basis. To meet primary objectives, a series of steps or accounting cycle is necessary.
Each of the accounting staff must be well-versed with what is full cycle accounts payable. This refers to the following processes:

~ Verifying the vendor’s original invoice
~ Checking the purchasing companies’ purchase order and receiving slip
~ Preparing, running and mailing the check for the vendor
~ Keeping proper record of the transaction