Bookkeeping

This journal entry will decrease both total assets and total liabilities on the balance sheet by $5,000 as a result of the goods returned back to the supplier. Sales returns and allowance are the contra account to the sales revenues where the previously recognized sales need to be derecognized by…

The drawing account is then used again in the next year to track distributions in the following year. This means that the drawing account is a temporary account, rather than a permanent account. Drawings differ from expenses and wages which cost the business, they are recorded as a reduction in…

Your deductible is the part of your home insurance claim you’re responsible for paying. By accurately estimating replacement costs, the predatory company – the one that wants to acquire the other – is less likely to offer too little, and lose the bid, or offer to much. When trying to…

YP – The Real Yellow PagesSM – helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. “Preferred” listings, or those with featured website buttons, indicate…

YP – The Real Yellow PagesSM – helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. “Preferred” listings, or those with featured website buttons, indicate…

The primary uses of offshore accounting include tax minimization, asset protection, diversification of investments, and maintaining financial privacy. Trust is essential for any successful team and offshore accounting teams are no exception. Without trust, it can be difficult for team members to collaborate effectively. To avoid this, CPA firms should…

Wave is PCI Level-1 certified for handling credit card and bank account information. Create beautiful invoices, accept online payments, and make accounting easy—all in one place. Have an eye on the big picture so you can make better business decisions. Our robust small business accounting reports are easy to use…

Existing regulatory and supervisory requirements may need to be clarified and sometimes adjusted to address some of the perceived incompatibilities of existing arrangements with AI applications. Interestingly, AI applications risk being held to a higher standard and thus subjected to a more onerous explainability requirement as compared to other technologies…

QuickBooks securely stores your data and keeps it up-to-date across all your devices. With cloud accounting and the QuickBooks mobile app, you can snap and save photos of your receipts wherever you are. Powered by AI, QuickBooks automatically uploads those receipts and scans them for key details like date, vendor,…

Give customers transparency and proof of payment through the whole process. Enterprise is our best-in-class business management solution. Clarify complexity with efficient inventory management and integrated payroll and time tracking. Plus, with access for up to 40 users, Enterprise can scale with your business as it grows. QuickBooks Desktop software…