Bookkeeping

If you’re wondering how long certain checks are good for—and what to do with an expired check—here’s what you need to know. The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and...

Accounts payable typically cover a range of short-term debts from purchases of goods and services. When a partial payment is made against an account, it's "paid on account". Here's a simplified process of how transactions of receiving and paying off a loan would look like....