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…

Once you complete the project, you can then issue a final invoice for the entire value of the retainage. First, break down the project into phases, and then list all the tasks needed to complete each phase. You probably already know that you should be…

The shares available to investors on the open market are commonly called the float. In general, stocks with low floats will experience more volatility than those with large floats. Other companies may explicitly list their outstanding shares as a line item in the equity section…

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…