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Why is capital shown on the liabilities side of balance sheet?

27 de February 2020 | Javier

AccountingTools The Cash account stores all transactions that involve cash, i.e. cash receipts and cash disbursements. An account is a storage unit that stores similar items or transactions. Many small business owners fund their retained earnings own capital when starting their businesses. Sources for startup funding include personal savings and zero interest credit cards. With […]

How Debts In Collections Can Affect Your Credit

14 de February 2020 | Javier

Deque stands for a double-ended queue which enables us to perform the operations at both the ends. Vector uses a dynamic array to store the data elements. However, It is synchronized and contains many methods that are not the part of Collection framework. The collections framework provides both interfaces that define various collections and classes […]

What’s Just a Contra Account?

31 de January 2020 | Juan Luis Durán

Explain Why Accounting Is Important to Business Stakeholders – Principles of Accounting, Volume 1: Financial Accounting

10 de January 2020 | Javier

{Financial Accounting for External Users|Transforming Everyday Skills into a Career|Importance of Accounting} {|} The records of the data, its analysis, informative resources, debts details, and the related liabilities, profit and loss in the business can be solved by the application of accounting. Accounting provides the needed management that is just sufficient to handle the finances […]

The Hidden Gem of Bookkeeping

20 de December 2019 | Javier

The Hidden Gem of Bookkeeping A bookkeeper is liable for identifying the accounts in which transactions ought to be recorded. Purpose-built rental property bookkeeping software can help you to organize them. The transactions might have to be identified, approved, sorted and kept in a manner in order that they can be retrieved and presented in […]

difference between a Bookkeeper and an Accountant

16 de December 2019 | Juan Luis Durán

Freelance Bookkeeping Rates: Hourly Rate vs. Flat Rate Whether this is your side gig or full-time business, you can get a website customized for your business with a company that offers specialized marketing services, like CPA Site Solutions. They will have one of their webmasters reach out to you for a quick 15 minute conversation […]

Contra Asset

09 de December 2019 | Juan Luis Durán

Examples Of Contra Asset Accounts If the related account is a liability account, then a contra liability account is used to offset it with a debit balance. Thus, the natural balance of a contra account is always the opposite of the account What is bookkeeping with which it is paired. Some examples of asset accounts […]

The Chronicles of Accounting Equation

29 de November 2019 | Javier

The Chronicles of Accounting Equation When you have subtracted ALL expenses (like taxes) from revenues, you’re left with net income. A low debt-to-equity ratio may show that the provider isn’t taking advantage of the possible increase in profits that the accounting equation company might earn with the additional financial leverage. AR turnover measures the normal […]

A Beginner's Tutorial to Bookkeeping

19 de November 2019 | Juan Luis Durán

These features make life easy for people who don’t want the hassles of a more elaborate accounting software. The QuickBooks Self-Employed platform was designed with a very specific audience in mind. If you need to file a Schedule C document with Form 1040 during tax season, this is your accounting solution. This step is an […]

13 Things Bookkeepers Do For Small Businesses

14 de November 2019 | Juan Luis Durán

Hiring A Financial Professional He has been featured in an array of publications, including Accounting Web, Yahoo, and Business2Community. Hiring an outsourced bookkeeping agency can seem overwhelming at first glance— but it can be an extremely cost-effective, simple solution with many benefits that can help your business grow. The cost of outsourcing your bookkeeping […]

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