Category: Bookkeeping

It may include treasury stock, paid-in capital, comprehensive income, etc. Stockholders’ equity can also be gotten from stockholders who reinvest their dividends. In cash accounting, transactions are not recorded in… Continue reading What is Financial Accounting?

With software getting more sophisticated, you can really automate a large portion of your job as an accountant. Because if a program can do a task within seconds, why spend… Continue reading Become a Freelance Accountant: 9 Tips to Succeed in Freelance Accounting

A company reporting revenue conservatively will only recognize earned revenue when it has completed certain tasks to have full claim to the money and once the likelihood of payment is… Continue reading What Deferred Revenue Is in Accounting, and Why It’s a Liability

Another option is to utilize the third-party app to import the journal entries into QBO. Postings to the subsidiary ledger should be made daily to ensure that management has up-to-date knowledge about… Continue reading Sales Returns and Allowances Journal Entry

To ensure a sustainable level of commercial success in our cutthroat digital age, offering value, driving consumer loyalty, and consistently surpassing your targets are of the utmost importance. You’ll probably… Continue reading What is Incremental Growth in Business?

Exemption certificates (also known as resale certificates or permits) are another key factor to consider in your dropshipping tax structure. As a retailer, you can present an exemption certificate to… Continue reading What You Need to Know about Sales Tax and Drop Shipping

In that case, it will be seen as less appealing because residents will have to travel farther every day to get the basic things they need. Harold Averkamp (CPA, MBA)… Continue reading How to Calculate Land Value for Taxes and Depreciation

Single entry bookkeeping is an accounting method that means you record one journal entry for each transaction (whether income or expenses). You record each transaction in a journal called a… Continue reading Rectifying Accounting Errors: Methods and Steps