Category: Bookkeeping
Debits and credits Wikipedia
On the other hand, when a utility customer pays a bill or the utility corrects an overcharge, the customer’s account…
What Is a Bank Reconciliation Statement, and How Is It Done?
After adjusting the balance as per the cash book, make sure that you record all adjustments in your company’s general…
Present Value Formula with Calculator
Present value, also called present discounted value, is one of the most important financial concepts and is used to price…
How to calculate cost of goods sold
But other service companies—sometimes known as pure service companies—will not record COGS at all. The difference is some service companies…
What is Work in Process Inventory and How to Calculate It
Therefore, you need the initial work in process inventory to understand how to discover work in process inventory. You will…
Debit and Credit Explanation, Difference, Rules and Examples
In this journal entry, cash is increased (debited) and accounts receivable credited (decreased). We’ll assume that your company issues a…
How to calculate accrued vacation pay
Articles, FAQs, and interactive maps to help you learn all about paid time off, including policy types, PTO payout, and…
Can I use stax payment processor with QB online? Will I have issues using this third party procdessor compared to QB provider?
Your full list of accounts (or categories) is called your chart of accounts. If you do decide to use accounting…
San Antonio, TX
We can integrate it into your firm by configuring a new company file in QuickBooks software and configuring it. Our…
The Dawn Of A New Era: AI’s Revolutionary Role In Accounting
To answer that question, you first need to decide what exactly you need your system to accomplish. 1-800-Accountant offers four…