Category Archives: Bookkeeping

You can also learn how to use Excel to keep your books or create your business budget with Google sheets. If your small business uses accounting software, it will help track when invoices are due. Most software programs what is virtual bookkeeping provide options for automatic bill-paying and bank transfers. With businesses going digital in […]

Explore our online finance and accounting courses and discover how you can unlock critical insights into your organization’s performance and potential. To find out which course is best for you, download our free flowchart. For example, if operations and other costs lead to more outflow than cash coming in, that means the business is not […]

Content What to Do If You Get a Letter from the IRS Keep the letter IRS Audit Notice Notice of Deficiency What does a real IRS letter look like? ways to spot a fake IRS letter This is especially the case if there’s an outstanding issue that’s preventing the IRS from processing your return, such […]

In the period end BALANCE SHEET, such an asset would be included at its cost less depreciation deducted to date. This depreciation charge does not attempt to calculate the reducing market value of fixed assets, so that balance sheets do not show realization values. The depreciated cost is the value of an asset after its […]

Managerial accounting involves identifying, measuring, analyzing, and interpreting an organization’s financial statistics to provide actionable financial intelligence in terms of key metrics for managers. It offers suggestions on the economic decision-making process of an organization. To provide as much beneficial information as possible, managerial accounting relies on a number of techniques. These techniques include forecasting, […]

The journal entries for writing off bad debts depend on the method used to account for them. As mentioned above, both processes result in different accounting treatments. The accounting for writing off bad debts depends on the method companies use to record them. Even if they don’t, companies are unlikely to pursue most bad debts […]

Content Next Up: A Certified Public Accountant Legal data & document management Get next-level accounting software for law firms The Domino Effect: Why Good Client Service Starts With Good Money Management Develop a clear bookkeeping system You also get smart software to help you monitor your finances and stay in control of cash flow. As […]

Content Straight-line method of depreciation More Information on the Depreciation Entry What is the approximate value of your cash savings and other investments? Journal Entry for Purchase of Multiple Units in an Asset Group Purchase of equipment on balance sheet and cash flow statement An adjusting entry for depreciation expense is a journal entry made […]

Content Preparation of Financial Statements Manage your accounting operations with Volopay Why Business Owners Should Outsource Bookkeeping And Accounting Services? Why Companies Like Yours Choose To Outsource Their Bookkeeping And Accounting With SmartBooks Outsourced Accounting Services Pros of Outsourced Accounting and Bookkeeping Services The service can handle complex accounting tasks with ease and manage everything […]

Content Conducting Financial Analysis and Ratio Analysis Cap Table Management: Which Provider is Best for Your Startup? Helps in understanding profitability How do you record ecommerce sales? Identifying tax deductions Is hiring an e-commerce bookkeeper a good idea? We have a LOT of resources for how handle sales tax appropriately, but the best place to […]