How Do ACH Transactions Work?

Answer In 2009, over 19 billion transactions totaling $37.2 trillion were processed through the Automated Clearing House service, according to a study by the Federal Reserve. Established in 1972 and gover... Read More »

Top Q&A For: How Do ACH Transactions Work

How to Do Accounting Transactions?

In its most basic form, every accounting transaction is both a debit and a credit. Every entry into a journal must reflect a debit to 1 account and a credit to another account. Traditionally debits... Read More »

How long does it take to post ACH transactions?

The time it takes to post an Automatic Clearing House (ACH) transaction depends on the banking institution. However, the process can take anywhere from one to three days, according to Kati Bosch, A... Read More »

How to Record Transactions for a Franchise?

Every business records transactions into an accounting system. Most small businesses work with a CPA and some accounting software such as Quickbooks to do this. The journal entries for a franchisee... Read More »

How much does paypal charge for transactions?

Paypal is a service through which you can send money to anyone who has an email address. The fees associated with Paypal are as follows: If you are paying someone, it is free. If you are receiving ... Read More »