Post by MS INYOFU (@theconscience)

ACCOUNTING HINT

Mistake: Relying on your own records without checking supplier statements

Correct: Reconcile suppliers monthly

Example:
Your ledger shows N850,000 payable
Supplier’s statement shows N900,000
A missing invoice or unposted credit note is causing the difference

Why: Prevents overpayment, errors, and disputes

Do you reconcile your suppliers every month?

ACCOUNTING HINT Mistake: Relying on your own records without checking supplier statements Correct:...

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