9+ Work Progress Report Examples to Download

von | Apr 28, 2025 | Bookkeeping

However, the usage of both terms may differ from one company to another. For some companies, a specific bookkeeping and payroll services inventory item may be work-in-progress, while for others, it is work-in-process. A company’s production process also plays a role...

What is the purpose of control accounts?

von | Aug 9, 2024 | Bookkeeping

However, additional control accounts may be necessary depending on the company’s size, type, and industry. It’s essential to ensure that each aspect of your business has a control account since it comprises the general ledger used for financial reporting....