Accounting is a part of any business which incorporates financial transactions and its management. The financial transactions incorporates several accounts, among which accounts receivable and accounts payable are very fundamental. In business accounting, these are essential jargon. Accounts payable is the total sum of the amount which a firm is liable to pay for the

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Account Reconciliation is a process which compares balances of two accounts in order to ensure that, they are in agreement. It helps to confirm the agreement between the account balance in the checkbook and its bank statement. Account reconciliation services are essential to affirm precise and comprehensive financial reports, therefore it unravels flaws and inconsistencies

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Fixed Asset (FA) or Non-current asset or Property, Plant & Equipment (PP&E) is economic resources or property in financial accounting which cannot be easily transformed into cash. FA generally refer to the items which is purchased by the firm for its own use. The items incorporated as FA include land, building, plants & machinery, furniture,

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Revenue Management (RM) is a concept which optimizes the revenue stream of a business, gained through a proper knowledge of the marketplace, that would manage product’s demand and supply. It assists to analyze the demand of the consumer along with optimizing price & inventory available in order to increase revenue. Revenue Management service is implemented

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General Ledger or Nominal Ledger is one of the important elements of the accounting system which utilizes Double-entry bookkeeping system. It is basically a summary of all the transactions occurred which incorporates Assets, Liabilities, Revenue, Expenses and Capital. It is the backbone for preparing important Financial Statements such as balance sheet, income statement and trial

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Accounts Payable refers to the account or a file which tracks the amount to be paid for services or products provided by a supplier. Accounts Payable Service is a vast term that incorporates generation of invoice or bills through computers. The consumers or buyers are presented with the electronically generated invoice for service or product

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The world is getting highly sophisticated with gadgets and technology. The technology is being excavated every now and then, leading towards digital formatting of almost all the paperwork. The popularity of digitization is merely due to the well managed space, protection of data and concurrent usage of the information. The paperwork is slowly being replaced

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Payroll processing basically deals with handling the back office functions of a company by performing administrative duties relating to timely payroll processing of a company. Outsourcing payroll services has helped a significant number of companies in many ways. In the present scenario with a lot of BPO’s rising up and competitive pricing also coming into

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  In the world of media, news is fleeting and hence needs to be captured and posted immediately. Media transcription turns out to be a necessity for every small and big media firm in order to function well and meet tight deadlines. It is the technology of transcribing audio/video content into text file with the

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Insurance service is in great demand nowadays, as it covers the entire business damage caused by theft, fire or any unusual natural disasters. Insurance claims processing is also significant in the healthcare sector apart from mortgage claims, electronic claims and other general insurance claims. Claims settlement is the major objective of an insurance company. The

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