The process of keeping track of a business's financial transactions. These services include recording what money comes into and flows out of a business, such as payments from customers and payments made to vendors.

A public notary or just a notary is an official responsible for witnessing and validating the signing of important various documents. As a public official, a notary is required to be impartial. Impartiality means that the notary is not influenced by self-interest and does not discriminate based on race, gender, nationality, religion, politics or other such categories.

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A bank reconciliation statement is a document that compares the cash balance on a company's balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps identify whether accounting changes are needed.

Account reconciliation is the process of comparing general ledger accounts for the balance sheet with supporting documents like bank statements, sub-ledgers, and other underlying transaction details.

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The net cash and cash equivalents transferred in and out of a company. Cash received represents inflows, while money spent represents outflows. A company creates value for shareholders through its ability to generate positive cash flows and maximize long-term free cash flow (FCF).

There are three cash flow types that companies should track and analyze to determine the liquidity and solvency of the business: cash flow from operating activities, cash flow from investing activities and cash flow from financing activities. All three are included on a company's cash flow statement.

The cash flow statement is broken down into three categories: Operating activities, investment activities, and financing activities.

A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity. The balance sheet is one of the three core financial statements that are used to evaluate a business. It provides a snapshot of a company's finances (what it owns and owes) as of the date of publication.

The 3 types of balance sheets are:

Comparative balance sheets.

Vertical balance sheets.

Horizontal balance sheets.

A general ledger is used to record a company's ongoing transactions. Within a general ledger, transactional data is organized into assets, liabilities, revenues, expenses, and owner's equity. After each sub-ledger has been closed out, the accountant prepares the trial balance.