The Best Student Discounts, Deals and Freebies for 2024
May 6, 2023 12:44 am Leave your thoughtsTherefore, purchases, along with any payables in the case of a credit purchase, are recorded net of any trade discounts... View Article
Categories for Bookkeeping
Finance Leases vs Operating Leases Explained
April 19, 2023 2:04 pm Leave your thoughtsThus, the debit causes the entire operating lease payment to go on direct expense. The technology sector heavily relies on operating... View Article
The Five Duties of a Bookkeeper in Construction Learn the Essentials
April 18, 2023 1:51 pm Leave your thoughtsConstruction Bookkeeping Services are an essential aspect of managing finances in the construction industry, ensuring that businesses maintain accuracy, compliance,... View Article
Retained Earnings: Definition, Formula & Example
April 10, 2023 7:12 am Leave your thoughtsLenders are interested in knowing the company’s ability to honor its debt obligations in the future. Lenders want to lend... View Article
3 5: General Rules for Debits and Credits Business LibreTexts
March 30, 2023 11:30 am Leave your thoughtsRecording Revenue as a Credit can benefit businesses if done correctly since it offers accurate tracking ability that can help... View Article
Difference Between Debtors and Creditors with examples
March 29, 2023 3:00 pm Leave your thoughtsNow that we understand the definition of a creditor in accounting let’s explore the different types of creditors that exist.... View Article
Audit Procedures for Accounts Payable Risks and Assertions Included
March 3, 2023 11:15 am Leave your thoughtsNon-standardized documentation is a common mistake in manual reconciliation; automation is a great way to ensure that documents are completely... View Article
Property Types and Abandonment Periods
February 27, 2023 2:37 pm Leave your thoughtsInstead, they consider it during the bank reconciliation process to ensure that the cash balance reported on the balance sheet... View Article
Capital Budgeting: A Detailed Exploration of Corporate Investment Decisions
February 6, 2023 9:02 am Leave your thoughtsInvesting in capital assets is determined by how they will affect cash flow in the future, which is what capital... View Article
What Does “MM” Stand for in Dollars?
January 23, 2023 1:47 pm Leave your thoughtsSOX (The Sarbanes-Oxley Act) – A law enacted in 2002 to improve the accuracy and reliability of financial information reported... View Article