Category: Bookkeeping

Just keep in mind these things and always remember to use journals properly so you don’t have to face any problems while doing your books. A reversing entry is typically an adjusting entry that is reversed as of the beginning of the following period, usually because an expense was to be accrued in the preceding…

Just keep in mind these things and always remember to use journals properly so you don’t have to face any problems while doing your books. A reversing entry is typically an adjusting entry that is reversed as of the beginning of the following period, usually because an expense was to be accrued in the preceding…

Costs, also known as the cost of goods sold, is all the money a business spends to buy or manufacture the goods or services it sells to its customers. The next step in becoming a QuickBooks certified user is to prepare for the QuickBooks certification exam. In order to prepare for this exam, you need…

The Operating Cycle is calculated by getting the sum of the inventory period and accounts receivable period. Thus, several management decisions (or negotiated issues with business partners) can impact the operating cycle of a business. Ideally, the cycle should be kept as short as possible, so that the cash requirements of the business are reduced.…

These documents are used to develop budgets, identify opportunities for cutting costs and monitor the overall financial situation of the company. And if the company in question is public, its financial statements must also comply with the Securities and Exchange Commission (SEC) regulations. The value of accrual accounting becomes more evident for large, complex businesses.…

Things that are resources owned by a company and which have future economic value that can be measured and can be expressed in dollars. Examples include cash, investments, accounts receivable, inventory, supplies, land, buildings, http://www.mal-dives.ru/country.phtml?h=47 equipment, and vehicles. A record in the general ledger that is used to collect and store similar information. For example,…

Your accountant or bookkeeper can be a valued business advisor so check what to look for when you choose one. Look for a bookkeeper or an accountant near you in the Xero advisor directory, or use our match-making tool to find the perfect pair of hands. Forensic accountants investigate financial crimes involving fraud, embezzlement and…