Archive | Bookkeeping

Content A Note on the FreshBooks Dashboard Let us eliminate your Expensify and accounting technology questions and concerns. eBility- Time Tracker Business Application Directory Connect Critical Business Apps in the Cloud Reach Reporting Which Is Cheaper, Expensify Or Ramp? That being said, some users do report that the QuickBooks interface is less user-friendly and harder […]

Content How To Determine Income Tax Payable For Payroll Check And Revise Your Records Record Payroll Journal Entries Basic Payroll Accounting: How To Add Paydays To Your Books What Are Payroll Journal Entries? Making Proper Payroll Journal Entries Is A Task With Which All Small Business Owners Should Be Familiar PayrollPayroll refers to the overall […]

Content The Effects Of Transactions On Cash Vs Net Income Calculating Net Cash Flow List Of Cash And Cash Equivalents Financial Glossary What Does Cash Equivalent Mean? Understanding Current Assets On The Balance Sheet These securities mature within three months of being reported on a financial statement. Cash and cash equivalents are the most liquid […]

Content What Is Cost Accounting? Variable Costs What is cost accounting used for? Cost Accounting Summary With ABC accounting, you can identify which clients, service types, jobs, tasks, employees, or departments are the true profit drivers in your business and which ones might be costing you more than you realize. When compared to actual costs, […]

Content Define property, plant, and equipment. Provide some examples. How are Plant Assets recorded in Accounting? What Are Examples of Current Assets? Types of plant assets Recognition and Measurement of PP&E Plant Assets Examples Because Cannon purchased the rights to the minerals only and did not purchase the land, it expects the asset to have […]

Content Cash Vs Accrual Accounting: Which Accounting Method Is Best For Your Business? Which Financial Statements Are The Most Affected By Accounting Methods? Cons Of Accrual Basis Accounting Pros Of Cash Basis Accounting Learn Which Accounting Method Is Better For Your Business Tax Due Dates For S While accounting may seem like an overwhelming task, […]

Content Straight Line Depreciation Method Straight-Line Depreciation Value Calculator Sum-of-Years Digits Method Salvage Value Example Calculation How Small Business Accountants Use Salvage Value Calculate the asset purchase price Both declining balance and DDB require a company to set an initial salvage value to determine the depreciable amount. Sometimes, an asset will have no salvage value […]

Content What Is the Accounting Equation? Decoding the Accounting Equation The Bookkeeping Best Practices for Your Business How Does the Accounting Equation Differ from the Working Capital Formula? Expanded Accounting Equation Principle Explained This concept is that no matter which of the entity options that you choose, the accounting process for all of them will […]

Content Buy This Stock Image Now Cost Of Revenue Vs Cogs Eps Illustration Beginning Inventory + Purchased Inventory General & Administrative Expenses Cost of Goods Sold is also known as “cost of sales” or its acronym “COGS.” COGS refers to the cost of goods that are either manufactured or purchased and then sold. COGS counts […]

Content What Is The Most Conservative Method Of Accounting? Related Terms How Are Losses Accounted For In Percentage Of Completion Method? Company Final Thoughts On The Completed Contract Method 5 Apply Revenue Recognition Principles To Long On the other hand, it’s more precise than the second method because revenue recognition is not based on estimates. […]