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Your client's Undeposited Funds account has a negative balance. What could this mean? At least one customer payment was dated prior to its invoice. At
Your client's Undeposited Funds account has a negative balance.
What could this mean?
At least one customer payment was dated prior to its invoice.
At least one vendor payment was dated prior to its bill.
Revenue is overstated.
Accounts Payable is overstated.
Undeposited Funds is overstated
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