Bookkeeping

What is Double Entry Bookkeeping? Debit vs Credit System

Content Double Entry Bookkeeping System: Debit vs. Credit Accounting Double-Entry Accounting: What It Is and Why It Matters Everything You Need To Master Financial Modeling Double-entry bookkeeping Double Entry Sentence Examples The transaction is recorded as a “debit entry” (Dr) in one account, and a “credit entry” (Cr) in a second account. The debit entry …

What is Double Entry Bookkeeping? Debit vs Credit System Read More »

What Is Working Capital? How to Calculate and Why It’s Important

Content Operating Working Capital Formula Net Working Capital Formula Getting Cash Flow Fast for Your Dry Cleaning Service Using Invoices Articles List of Working Capital Formulas Understanding the Debt Ratio: Definition and Formula Thus, you need to work and keep a check on the funds so that the value doesn’t fall down. Now that you …

What Is Working Capital? How to Calculate and Why It’s Important Read More »

Bookkeeping and Tax Services for your Law Firm

Content Keep strict records Best for Firms of All Sizes Get back time to grow your law firm Access from anywhere Xero is designed to provide small businesses and their advisors with an easy-to-use platform that offers real-time insights into a firm’s finances. Furthermore, Xero integrates with Clio which makes bookkeeping and reconciliation tasks simpler. …

Bookkeeping and Tax Services for your Law Firm Read More »

Accounting 101 for Beginners: Basic Terminology & Definitions

Content Generally Accepted Accounting Principles What Is Bookkeeping? Definition, Tasks, Terms to Know Overview: What is bookkeeping? What is the difference between bookkeeping and accounting? What are the two kinds of bookkeeping? Internal management reports Why Is Double-Entry Bookkeeping Important? The software lets a business create custom accounts, like a “technology expense” account to record …

Accounting 101 for Beginners: Basic Terminology & Definitions Read More »

MAINTENANCE OF ACCOUNTING INTERNAL CONTROLS STUDY OBJECTIVE 10 Accounting Information Systems: The Processes and Controls, 2nd Edition Book

Content Don’t Bite Off More Than You Have Time to Complete AccountingTools Objectives of Accounting Control The Pros & Cons on Requiring Reports on Internal Control Accounting & Internal Controls: From Vision to Value, We’re Transforming Trust with Technology. Internal Control Activities and Best Practices Our deep business domain knowledge, paired with technological prowess, spans …

MAINTENANCE OF ACCOUNTING INTERNAL CONTROLS STUDY OBJECTIVE 10 Accounting Information Systems: The Processes and Controls, 2nd Edition Book Read More »

Cash Interest Vs Interest Expense: How Are They Different

Net income will be the first item listed in the section cash flows from operating activities and will then be adjusted to the cash amount. The interest paid on a note payable is reported in the section of the cash flow statement entitled cash flows from operating activities. Under IFRS Accounting Standards, the primary principle …

Cash Interest Vs Interest Expense: How Are They Different Read More »

How to Calculate Annual Income

Content Household Income vs. Family Income vs. Per Capita Income income How Do You Define Household Income? Company CREDITSCORES Household Income Sources include wages, salaries, retirement income, investment income, Social Security benefits, and earnings from other income sources. An annual salary is paid by your employer—the company you work for. It’s usually a yearly salary …

How to Calculate Annual Income Read More »

Shopping Cart