ACH returns and ACH debit return charges explained

With a variety of options for payment collection, Automated Clearing House transfers, known commonly as ACH payments, are a convenient and secure option for many businesses. ACH payments are particularly handy for those that charge recurring payments (e.g., gyms, schools, etc.) as well as those that accept large sums (e.g., law firms and professional services).Read more ⟶

What Is an ACH Return? What Happens When a Return Is Made

However, knowing the time frame for handling ACH debit returns can make all the difference when things go awry. The foreign RDFI is unable to apply the payment to the receiver’s account due to missing or incorrect information. The originator should verify all transaction details with the receiver before resubmitting. The R80 return code isRead more ⟶

Construction Bookkeeping: Essential Tools & Tips

Economic and political decisions can have serious consequences on the construction industry. Things like suppliers, labor, and leased equipment are considered direct expenses. Repair to equipment, transportation, and other expenses are examples of indirect costs. This helps you catch discrepancies early, understand your financial health, and make informed decisions about your business’s future. Regular reviewsRead more ⟶

The Complete Guide to Accounting for Construction Companies

As you grow, we’ll provide the accounting and bookkeeping services that you need to manage your revenue and expenses while remaining compliant with all local, state and federal regulations. Proper bookkeeping ensures transparency, improves financial management, and enables contracting companies to gauge the health of their operations. This step-by-step guide is tailored for beginners inRead more ⟶