Bookkeeping

Category

S Corporation S Subchapter Overview, Mechanics, Filing Requirements

Shareholders who make loans to their S corporations can take a tax deduction in the current year for losses in...

Is Account Payable Assets, Liability, or Equity?

Another complexity that accounts payable must deal with is the responsibility of matching the invoice with the goods and services...

A Comprehensive Guide to Mastering SaaS Accounting

Accountants can be so much more than back-office number crunchers bogged down by compliance structure and data aggregation. But traditional...

Best Virtual & Outsourced Accounting Services 2023

While they were traditionally in-house functions, an increasing number of businesses today outsource their finance and accounting operations to third-party...

How to Get Clients As a Bookkeeper: 5 Steps & Tips!

There are several key rules of bookkeeping to keep in mind, but one of the most important is regarding debits...

Balance Sheet Example

All revenues the company generates in excess of its expenses will go into the shareholder equity account. These revenues will...

5 4 Explain and Compute Equivalent Units and Total Cost of Production in a Subsequent Processing Stage Principles of Accounting, Volume 2: Managerial Accounting

There are two ways to calculate this metric, known as the weighted average method or the first-in, first-out method. Calculate...

5 4 Explain and Compute Equivalent Units and Total Cost of Production in a Subsequent Processing Stage Principles of Accounting, Volume 2: Managerial Accounting

There are two ways to calculate this metric, known as the weighted average method or the first-in, first-out method. Calculate...

What Is a Balance Sheet? Definition, Explanation and Format Examples

After transactions are recorded and adjusted for in the general journal, they are transferred to appropriate sub-ledger accounts, such as...

AI in Finance 2022: Applications & Benefits in Financial Services

This use of AI in finance enables teams to create a single dashboard that incorporates information from sources like Excel,...
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