- 2 Posts
- 8 Views
I would like to understand for the payments processed through PeopleSoft, should accounting entries be generated based on EFT or BSP ? EFT is based on banks confirming the receipt of our payment message but not a confirmation that account has been debited. There can be cases of rejected payments. So should we use rather Bank statements for generating accounting entries instead of EFT ? Any comments..
Accounting services are essential to both small & large businesses. The services help to retain businesses on track regarding many payments, bookkeeping, financial development, and business expenses. Professionals give advice to small starting businesses on the just expenditure and best structure for their business to ensure financial solidity. It is thus crucial for business owners to know the best outsourcing accounting services for their business.