Category / Bookkeeping

This happens at the end of each accounting period, signifying that the next accounting cycle can begin. You can do this step manually, but businesses can use accounting software for simpler storage…

The label for the account sits at the far left, such as Cash, Accounts Receivable, Land, Accounts Payable, or Utilities Expense. The column just to the right of that lists your debits…

Content Check Other Interesting Posts How to start your accounts Kruze Cares More! Ready to Work With The Best Accountant? Understand the basics of double-entry bookkeeping. Whichever option you choose, make sure you…

What if you don’t have permanent residency in Japan and neither of the aforementioned options is available? Although rare, a few banks offer housing loans to foreigners without permanent residency in Japan,…

Content Understanding Accounts Payable: Is It A Debit Or A Credit? Accounts payable and notes payable defined Ready to transform your AP? Is Accounts Payable a Debit or Credit Entry? Is accounts…

Content Prepaid Rent: Asset or Liability? Record the expense in your general ledger Effect of Prepaid Expenses on Financial Statements Accounting for prepaid rent with journal entries Financial reporting and disclosures- common…

Nationally, the average hourly rate nationally for a tax prep professional ranges between $150 and $450. Contact local CPAs or tax professionals to see if they can offer their services without in-person…

Content Minimum Wage What is accrued payroll? Paid time off (PTO) Accrued Payroll Explained Wage Theft How to Adjust Journal Entry for Unpaid Salaries Just fill in the data in the relevant…

Content Create Reports, Accounts Aging & Client Statements Record a payment against a sales invoice Best Alternatives to QuickBooks: FreshBooks Send Invoices & Quotes via Gmail & MSN Accounts Projects, Tasks &…

Content List of Contra Accounts: What is a Contra Account? UPSC Commerce Optional Books – The Marathon of UPSC Commerce Optional Introduction to Business Examples of Contra Asset Accounts Contra liability accounts Contra…