Categoria: Bookkeeping

Additional points were given for the use of purchase orders and the ability to add returned merchandise back into inventory. If you’re struggling to pick the right solution for you,…

Using T Accounts, tracking multiple journal entries within a certain period of time becomes much easier. Every journal entry is posted to its respective T Account, on the correct side,…

It is important to note that repeated failure to correct the information with an amended return will result in fines but not the loss of tax-exempt status. As such, it…

As a result, it is critical for any business to understand its operating cycle so that it can forecast how much working capital they need or is on hand at…

Accumulated depreciation takes into consideration the total amount of depreciation of an asset from the point that it started being used. It is what is known as a contra account;…

For instance, if an accountant forgets to document an expense or factor in a prepaid expense that has already been amortised, this may lead to inaccurate financial reporting. Consequently, such…

Properly transferring knowledge from one team to the next – and bringing documentation up-to-date – is critical to avoiding gaps in service. Even before COVID, the drumbeat had started to…

Content PCMag Stories You’ll Like Best for Mobile Access Sage 50cloud Accounting Which Type of Bookkeeping is Best for Your Company? Reasons Why Bookkeeping is Important for Your Business That…

Student loan borrowers can explore if they are eligible for loan forgiveness. Extended repayment plans are just like standard repayment plans, except the borrower has up to 25 years to…

Accumulated depreciation is presented on the balance sheet below the line for related capitalized assets. The accumulated depreciation balance increases over time, adding the amount of depreciation expense recorded in…