A concentration account aggregates funds from various accounts into one to enhance cash management efficiency. Learn its purpose, benefits, and precautions against misuse.

According to Visa’s official documentation, Account Funding Transactions (AFTs) is a transaction type used to withdraw funds from a Visa or Mastercard account for the purpose of funding another ...

Discover how escrow accounts reduce risk and ensure smoother closings in business deals across industries – including manufacturing, logistics, and distribution. When it comes to selling or acquiring ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

QuickBooks accounting software takes much of the mystery out of managing your company's financial data. Many tasks that traditionally required the use of a full-time accountant take less time since ...

A pending transaction means funds in your account are earmarked and authorized for a specific transaction. However, the transaction isn’t yet fully processed or posted to your account. Read Next: 5 ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Companies record every transaction in their accounting books based on the double-entry system. Because every transaction involves certain kinds of monetary exchanges between at least two business ...

The Federal Reserve eliminated the six-withdrawal limit on savings accounts in April 2020, giving consumers unlimited access to their money — at least on paper. Here’s the catch: Many banks still ...

Log into the eAccounts Portal or eAccounts mobile app to check your balance and view activity, including date, location and transaction amount. Users can also ...