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What is Intercompany Accounting?

What Is Intercompany Accounting?

Intercompany Accounting Intercompany accounting involves recording financial transactions between different legal entities within the same parent company. Because these entities are related, the transactions between them are not “independent” and companies can’t include a profit or loss from these transactions...

What Is Robotic Process Automation?

Still don’t know what robotic process automation (RPA) is? Don’t worry—you’re not alone. In a recent poll, we discovered that 66% of accounting and finance professionals either haven’t heard of it or are uncertain of what the term means. So,...

Cash Reconciliation: How to Reconcile Petty Cash

What is Petty Cash Reconciliation? Petty cash reconciliation is the process of verifying transactions involving petty cash funds. Its purpose is to ensure that funds are being used appropriately. It is an important internal control for fraud prevention. How Do...