ADP RUN articles

What is a Rent Ledger and How to Make One

What is a Rent Ledger and How to Make One

Using a ledger is a simple way to keep track of revenue and expenses on any given property. For landlords, you need a system that is specially tailored for the unique aspects of property management — a rent ledger. This is the only way to have a good feel for the net income your properties produce.
This could mean there’s an underlying problem with your property like poor cleaning or maintenance, unattractive design, or other. You will have information about each monthly rent transaction […]

What Is a Secured Credit Card?

What Is a Secured Credit Card?

Capital One can offer secured cards with limits that are higher than the initial deposit—like extending a credit line of $200 with a $49 or $99 security deposit. The same settings shows on quotes and bookings as well in their respective rules areas. This “refundable” type of security deposit takes a full payment, instead of an authorized hold, just like any payment as soon as it is reserved.
If you’ve never had a credit card before or want to improve your credit score, a secu […]

What Is Balance Sheet Reconciliation?

What Is Balance Sheet Reconciliation?

Accelerate adoption and drive productivity and performance.One of the critical success drivers for any software technology is effective user training and adoption. Whether you are deploying for the first time or creating a sustainable education program for maximum value creation, explore how you can take the next steps to upskill your users. Accelerate dispute resolution with automated workflows and maintain customer relationships with operational reporting. Unlock full control and visibility […]

Reconciliation in Account Definition, Purpose, and Types

Reconciliation in Account Definition, Purpose, and Types

Retail, commercial, and investment banks come under the category of various types of banks. Emma’s 70-person geographically distributed accounting team improved internal controls and streamlined the audit thanks to FloQast. FloQast’s suite of easy-to-use and quick-to-deploy solutions enhance the way accounting teams already work.
The bank may have originally credited the customers account for checks included in a deposit. When the check is not honored, the bank notifies the custome […]

Accounts receivable definition

Accounts receivable definition

Further analysis would include assessing days sales outstanding (DSO), the average number of days that it takes to collect payment after a sale has been made. In accrual accounting, your receivable balance is listed in the general ledger under current assets. When invoices are paid, finance credits the appropriate liabilities account and debits accounts receivable to account for the payment.

This is not the case for trade receivables, which are a subset of accounts receivable. Trade receivabl […]

Reciprocal in Math Definition, Rules, Examples, Facts, FAQs

Reciprocal in Math Definition, Rules, Examples, Facts, FAQs

So 1 cannot be divided by 0 to find the reciprocal of 0. This operation allows us to come to an interesting conclusion, one that’s especially important for using reciprocals in algebra. The reciprocal of a reciprocal is the original number. To understand this principle more fully, let’s take the number 23.

The most important application of reciprocal is that it is used in division operation for fractions. If we want to divide the one fraction by the second fraction, we can find it […]