Category: Bookkeeping

25 Jobs Where You Can Earn More Than $100,000 A Year

Top 6 Richest Accountants In The World Flexibility and a willingness to change career will be an important attribute in the future job market. This covers a range of jobs, from newspaper and magazine publishers to the factory workers that produce and distribute them. Technology is moving at an increasingly bookkeeping fast pace, with every [...] Read More

3 Types Of Ratios In Accounting

Facial recognition, sensors and smart objects are turning the world into a landscape that shifts and changes http://www.dcfire.co.uk/bittrex/ around consumers. The result is ever-heightening expectations for responsive personalization. How We Identified The “Internet Of Caring Things” Trend We can pull data from alarms we receive in Watchtower and analyze what we do with that alarm […]

What Does Trend Analysis Tell You? What makes a trend a trend?So what makes a trend a trend is that it is noticed by a lot of people, to begin with. Then, it should be liked by a lot of people. Also, in case a particular look or a style catches up the fancy of [...] Read More

How To Calculate Retained Earnings?

You have negative retained earnings when your net loss is greater than the retained earnings positive balance. In this case, the retained earnings account will show a negative number on the balance sheet. A negative retained earnings balance is usually recorded on a separate line in the Stockholders’ Equity adjusting entries section under the account […]

You have negative retained earnings when your net loss is greater than the retained earnings positive balance. In this case, the retained earnings account will show a negative number on the balance sheet. A negative retained earnings balance is usually recorded on a separate line in the Stockholders’ Equity adjusting entries section under the account [...] Read More

Bills And Passing Of An Act

“New April 2019 Interface Horrible!” Quicker e-payments without having to pay extra money for an "overnight" transaction. Sometimes when processing payments on a Friday - our ePayments do not get scheduled to process/deposit until the following Thursday. Seamless integration with major accounting systems and applications and intelligent, built-in workflow. “Easy To Use” We only partner [...] Read More

The Advantages Of Accrual Accounting

Expenses are costs that a business incurs to generate revenue. The result is that a company’s reported retained earnings balance sheet expenses typically differ from the amount of cash it paid for expenses in a particular period. Any business owner knows that you don’t pay your bills with “revenue.” You pay them with cash, so […]

Expenses are costs that a business incurs to generate revenue. The result is that a company’s reported retained earnings balance sheet expenses typically differ from the amount of cash it paid for expenses in a particular period. Any business owner knows that you don't pay your bills with "revenue." You pay them with cash, so [...] Read More

Banking partners

Banking partners It integrates with more than 700 applications, so you can connect to the business programs you already use or add features to customize the program to meet your business’s needs. With Kashoo software, you can create and send invoices, track your expenses, set up credit card payments, and generate basic financial reports. He […]

Banking partners It integrates with more than 700 applications, so you can connect to the business programs you already use or add features to customize the program to meet your business's needs. With Kashoo software, you can create and send invoices, track your expenses, set up credit card payments, and generate basic financial reports. He [...] Read More

Cash Or Accrual?

At the same time, the accounting data is ‘bias-free’ since the accounting data are not subject to the bias of either management or of the accountant who prepares the accounts. These principles are used in every step of the accounting process for the proper representation of the financial position of the business. You’ll need to […]

Current liabilities are usually paid with current assets; i.e. the money in the company's checking account. A company's working capital is the difference between its current assets and current liabilities. Managing short-term debt and having adequate working capital is vital to a company's long-term success. Cash accounting is the other accounting method, which recognizes transactions [...] Read More

Accruals Concept

Then, you will flip the original record with another entry when you pay the amount due. To record accrued expenses, use debit and credit journal entries. The Accrual Basis Of Accounting Falling under the accrued expenses category are salaries payable and interest payable. Salaries payable are wages earned by employees in one accounting period but […]

Then, you will flip the original record with another entry when you pay the amount due. To record accrued expenses, use debit and credit journal entries. The Accrual Basis Of Accounting They are temporary entries used to adjust your books between accounting periods. bookkeeping So, you will make your initial journal entry for accrued expenses. [...] Read More

Starting a Bookkeeping Business

Starting a Bookkeeping Business Bookkeepers keep records of cash expenditures and receipts for their employer, and report discrepancies or issues. Bear in mind that existing businesses will usually have bookkeepers or accountants already so your success rate with these will be less so look for new business start-ups. Reconciling bank statements on a monthly basis, […]

Starting a Bookkeeping Business Bookkeepers keep records of cash expenditures and receipts for their employer, and report discrepancies or issues. Bear in mind that existing businesses will usually have bookkeepers or accountants already so your success rate with these will be less so look for new business start-ups. Reconciling bank statements on a monthly basis, [...] Read More

Bookkeeping Examples

Bookkeeping Examples The double-entry system captures both the cash receipt for the services rendered and payments to be received from the client after credit days. This system helps to keep track of the trade receivables and helps to follow up with the appropriate clients. In the double-entry system of bookkeeping the total amount of assets […]

Bookkeeping Examples The double-entry system captures both the cash receipt for the services rendered and payments to be received from the client after credit days. This system helps to keep track of the trade receivables and helps to follow up with the appropriate clients. In the double-entry system of bookkeeping the total amount of assets [...] Read More