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Prepaid expenses might include payments to insurance companies or contractors. The supply store will record a journal entry of $25,000 in the debit column of the general ledger for notes

Bookkeepers have been around as far back as 2600 BC—when records were tracked with a stylus on slabs of clay—making bookkeeping not the oldest profession, but pretty darn close. By

However, this can be challenging to do, since many fraudsters leverage existing vendor and invoice data to create their scams. In fact, 58% of accounts payable teams were targeted via