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Notice of Dissolution of a Corporation to Debtors and Creditors

When a business, organization or corporation ceases to carry on its business or plan for dissolution to avoid the cost and filing of annual tax and corporation taxes, the Board of Directors or shareholders may opt for the dissolution or terminate its existence. It is necessary to remember that, before carrying out the dissolution process, [...]

Resolution to Appoint an Accountant

Corporate resolutions are formal actions and decisions of a corporate, approved by the Board of Directors. Such resolutions are necessity during numerous situations, for covering of specific transactions. These resolutions are in the form of legal documents, voted at the meeting of Board of Directors. The resolution can also be termed as Corporate Actions, which [...]

Service Agreement (Accounting)

Many business people or service providers are over taxed with their business and can not devote enough time to their Accounts, which is inherent part of any business. The success of any business depends on properly maintained accounting and book keeping.  There are again many small business owners or new comers, who are unaware of [...]

Apology Letter for Bad service to Maintain Cordial Business Relationship

As a businessman, if you come across bad service to one of your regular customer, what corrective measure, you can take to assuage his/her feelings? In order to check the incidence blowing out of proportion, where you might loose your valuable customer or face a claim from the customer, you should write an Apology Letter [...]

Bankruptcy Questioners to Help You Prepare Your Bankruptcy Filing

If you are heavily in debt and not financial sound to pay these debts, what option do you have to get relieved from paying your debts? If you think, you are not able to repay your debts and want fresh restart; you can seek relief by filing Bankruptcy petition. The Bankruptcy will remove you from [...]

Assignment of Accounts Receivable to Raise Your Funds

Assignment of Accounts Receivable can be defined as preparing a promissory note, where accounts receivables are collaterals. If the note is dishonored or not paid then, the assignee collects from the collateral account receivable. All receivable are collateral in general Assignment and new receivables are added or substituted for the collected receivables. But in the [...]

Know about Cash Inflow and Outflow through Cash Flow Statement (Indirect Method)

Cash Flow is basically means cash inflows and cash outflows in any business. Cash Flow statement can be divided in three categories: 1. cash flow from operating activities that include sales and expenses, or profit-making operations. 2. Investing activities 3.financial activities. Through Cash Flow Statement, you can find out from where the money came and [...]

Financial Record Keeping Checklist for Proper Management of Accounts

The success of any business depends on the financial records that are kept. Keeping of Financial Records are not only necessary for the smooth running of the business but also helpful in tax procedures, management of account and business. These records are also helpful in understanding the income, expenditure, money coming-in and money going-out and [...]

Trial Balance Work Sheet to Check the Correct Entry Posting

If you are following double entry accounting then, you should be aware that in Book Keeping, for every credit, there should be an equal debit amount. This means that, in bookkeeping all debits should equal all credits. But, if both sides are not equal then, it can be assumed that, an error has been made [...]

Sales Invoice Form to Collect Your Payment

Invoices are the integral part of any business or service offering company, which helps the seller as well buyer to keep records of goods sold, purchased or services provided. Definition An invoice can be defined as a legal document, offered to a customer or client for the record of the purchases or service provided. The [...]

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