(2) The senior officer in charge of the servicing function of the servicer if the servicer is signing the report on behalf of the issuing entity. If multiple servicers are involved in servicing the pool assets, the senior officer in charge of the servicing function of the master servicer (or entity performing the equivalent function) […]
Also note that an accountant is usually trained to have a deep knowledge of taxation laws which not all bookkeepers may possess. For example, if you would like your bookkeeper to lodge a tax return, you must ensure they are BAS certified. Your bookkeeper can also liaise with your accountant and tax agents on your […]
Wages paid to an employee are only recorded as an expense when the check is issued. Cash accounting focuses primarily on how much cash the business has on hand at any given time. The accrual method requires businesses to factor in “allowance for doubtful accounts” since goods are delivered to customers prior to payments being […]
Depending on a company’s internal controls, an AP department either handles pre-approved purchase orders or verifies purchases after a purchase. The AP department also handles end-of-month aging analysis reports that let management know how much the business currently owes. When a company purchases goods and services from a supplier or creditor on credit that needs […]