Archives de catégorie : Bookkeeping

On the other hand, double-entry accounting records transactions in a way that demonstrates how profitable a company is becoming. Investors are interested in a business?s cash flow compared to its liability, which reflects current debts and bills. The accounting equation … Continuer la lecture →

An accounting transaction is a business activity or event that causes a measurable change in the accounting equation. Merely placing an order for goods is not a recordable transaction because no exchange has taken place. In the coming sections, you … Continuer la lecture →

We see that the present value of receiving $10,000 five years from today is the equivalent of receiving approximately $7,440.00 today, if the time value of money has an annual rate of 6% compounded semiannually. The answer tells us that … Continuer la lecture →

Neat is perfect for small businesses needing to share files and collaborate with team members. Check out our Getting Started Guide for lots of quick tips and tricks to make your record keeping a breeze. With this release, we?re waving … Continuer la lecture →

Whether you are a small business owner, freelancer or simply want to keep track of your personal expenses, a receipt scanner app can be a valuable tool. Read on to discover Forbes Advisor?s top picks for the best receipt scanner … Continuer la lecture →

Lastly, we added in our own first-hand experience and expertise with these apps. This enables us to add qualitative metrics, such as ease of use, overall experience, quality of support, value for price and popularity. To get a good understanding … Continuer la lecture →

In the manual accounting system, the company uses the income summary account to close the income statement at the end of the period. Once this process is complete, a post-closing trial balance is prepared which helps in preparation of the … Continuer la lecture →