Monthly Archives: July 2020

What Is Billing in Accounting Billing Process Explained

It helps to keep track of revenue and accounts receivable and is essential for financial management. In addition to keeping track of transactions, invoice billing also helps businesses manage their cash flow. By sending out invoices promptly and following up on any overdue payments, businesses can ensure that they have a steady stream of revenue […]

Accounting for Self-Insurance–Theory and Practice

As an alternative, if the risk is too high, you might consider maintaining insurance but with a very high deductible. Although technically more narrowly defined, the term “self-insurance” is commonly used to capture a wide variety of retained risk mechanisms. To that point, the colloquial use of “self-insurance” is generally used throughout this article unless […]

Accounting for Self-Insurance–Theory and Practice

As an alternative, if the risk is too high, you might consider maintaining insurance but with a very high deductible. Although technically more narrowly defined, the term “self-insurance” is commonly used to capture a wide variety of retained risk mechanisms. To that point, the colloquial use of “self-insurance” is generally used throughout this article unless […]