How is EOM calculated?

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However, the bank has issued additional commission that month, which cost the business $5,500 of unexpected expenses. As a result, the accountant had to correct the original entry and report $30,500 as a total sum. It also ensures that all days in a coupon period are valued equally. This convention is used for US corporate… Read more »

Accounting & Finance Software for Marketing & Creative Agencies

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So take the time to stay organized and stay on top of your bookkeeping, and you’ll be well on your way to running a successful marketing agency. You may struggle with common bookkeeping mistakes, such as neglecting to track expenses or failing to reconcile accounts regularly. To improve accuracy and efficiency, consider automating processes and… Read more »