Kategori: Bookkeeping

Crediting the Accounts Payable account increases the company’s liabilities, showing that the purchase will be paid for at a later date, not immediately impacting the company’s cash flow. If the purchase is on credit, credit the Accounts Payable account to increase the company’s liabilities, indicating…

While this can lead to higher returns, it also increases the company’s financial risk. Conversely, a low D/E ratio suggests that a company has ample shareholders’ equity, reducing the need to rely on debt for its operational needs. This indicates that the company is primarily…

From side-hustles to complex companies, we have the tools you need to run your business. QuickBooks Premier Plus VS QuickBooks Enterprise This plan adds up to three users to the account so that the right people have access to data at their fingertips. QuickBooks Mac…

The entry is for $150 because the amortization entry is for a 3-month period. After the entry on 31 December, the discount account has a balance of only $50. At the end of the note’s term, all of these interest charges have been recognized, and…

We have significant experience navigating sensitive, complex environments and situations privately-held businesses often face where personal and business goals and challenges are intricately tied. Leverage the power of IT software solutions to transform your company into a data-driven organization with our Enterprise System Consulting, IT…

Want to kick off your small-business accounting with a solid accounting software service? Enter some basic information about your current accounting needs and we’ll send you up to five customized quotes. With Bench’s Catch Up Bookkeeping services, a Bench bookkeeper will work through past months…