Categoria: Bookkeeping

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…

You can also benefit from regular feedback and reviews from your outsourcing provider that can help you identify and correct any errors or issues. When considering outsourced accounting services, the…

Content How to avoid these mistakes and keep your bookkeeping records accurate How to Start Bookkeeping How to Create Records in Bookkeeping? Budget for major expenses and set financial goals…

Using the allowance method, a business will record a journal entry with a credit to a contra asset account, such as inventory reserve or the allowance for obsolete inventory. Big…

Whether you are the lender or the borrower, you must record accrued interest in your books. Interest receivable is the amount of interest that has been earned, but which has…

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As beneficial compounding interest can be for savings, investments, and wealth creation, it’s important to note that it can work against you if you’re paying off debt. In fact, compounding…