Category: Bookkeeping

If the advance is made to a supplier, the payer records it as an asset, since no related receipt and consumption has occurred. A payment to an employee prior to the employee working the related hours is also an advance, and is initially recorded by the employer as an asset. An advance is a payment […]

BCA Consulting of Seattle, WA is a Certified QuickBooks Pro Advisor offering professional bookkeeping in Seattle, WA. We offer different packages, so we will find the plan that best suits your needs. Our eclectic practice includes clients such as Naturopaths, Chiropractors, Attorneys, Landscape Architects, Hair Studios and more. Honest Buck Accounting is a Seattle business that […]

Content Understanding Capital Expenditure When to File Taxes 2023: Tax Deadlines What’s the difference between capital expenditure and revenue expenditure? CapEx vs. OpEx: What’s the Difference? Revenue accounting done right It includes the amount of money that the company plans to spend on long-term assets such as property, plant, and equipment. The capital expenditure budget […]

Content Head-to-Head Comparison Between Bookkeeping vs Accounting (Infographics) Contact S.H. Block Tax Services for Your Bookkeeping Needs Financial Auditor It’s Time to Modernize Your Accounting Cycle Similarities Between Accounting and Bookkeeping What are the functions of bookkeeping? What’s the Difference Between Bookkeeping & Accounting What is the best bookkeeping software for small businesses? Even if […]

Content Frequently Asked Questions AccountingTools Credit note example Where Do Credit Memos Originate? – Understanding Credit Memos and How They Relate to Accounting Signature – What Are the Components of a Credit Memo? How to create a credit memo Most credit memos feature the purchase order number, as well as the terms of payment and […]

An accounting entry for the sale of the share against non-cash consideration is the same. Further, the fair market value of the transaction needs to be calculated. As you can see, there is one ledger account for Cash and another for Common Stock. Cash is labeled account number 101 because it is an asset account […]

Content Limitations of a Balance Sheet 6 Balancing off accounts and preparing a trial balance Revenues and Gains Are Usually Credited Business Studies Class 11 MCQ For example, accounts receivable must be continually assessed for impairment and adjusted to reflect potential uncollectible accounts. Without knowing which receivables a company is likely to actually receive, a […]

Content Step 3: Use the Amortization Schedule Formula Claiming the Special Depreciation Allowance What is an example of an amortization expense? Because these regulations change from time to time and can be tedious to follow, I’d simply forget about them until tax time and let my accountant do the reading of the fine print. The only […]

Content Why Choose Global FPO to find a Bookkeeper Near You? Other our services Tax Planning Looking for Small Business Bookkeeping Companies Near Me? Your Search Ends Here! The average price of Bookkeepers is Financial Chain Corporation Every day, you’ll work together with other bookkeepers to help small businesses and grow your own expertise. Become […]

Content Doctorate in Accounting Programs: 2023 Guide Accounting Software Trends How Synder will help you to maximize e-commerce sales There are dozens of configurable reports, simple budgeting, and no limits at all on additional users or the accountants you might want to access the data. It also a snap to capture bills and receipts with […]