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Bookkeeping Archive

What Is QuickBooks & How Do Businesses Use It?04/27/2020

Meaning, you can streamline different aspects of your operations and run them from a single place, making it a good option for fast-growing mid-sized businesses and large enterprises. For one, the software allows businesses to manage invoices and track and collect payments from one platform, thus, fast-tracking the order-to-collection cycle. Freshbooks integrates smoo ...Read More

Cash Vs Accrual Accounting Explained12/02/2019

Accrual Accounting Vs. Cash Basis Accounting: An Overview Because cash basis is just a snapshot of your business’s finances, you may not have a clear picture of your long-term finances. The accrual method is required if the entity fails both the $1 million and the material income-producing factor tests. Cash Basis Accounting It's also highly recommended for any ...Read More

Bookkeeper Job Description Sample11/08/2019

Bookkeeper Job Description Sample It goes without saying that you should have a great knowledge of bookkeeping, and where necessary, the essential qualifications. Understanding accounting language and having the skills and education to undertake your role is a huge part of the role. You can gain qualifications from courses and schools all across the country and the ...Read More

Deferred Revenue10/30/2019

When your Deferred Revenue is high, it tells that you’re selling the annual subscriptions extensively enough. As Deferred Revenue is a GAAP metric (Generally Accepted Accounting Principles), I needed to come up with a new name for the MRR-based version. Prepaid Revenue is the total subscription revenue that you’ve collected in advance. That’s 11 extra months w ...Read More

Unearned Revenue Definition09/18/2019

Unearned Revenue Definition A variation on the revenue recognition approach noted in the preceding example is to recognize unearned revenue when there is evidence of actual usage. For example, Western Plowing might have instead elected to recognize the unearned revenue based on the assumption that it will plow for ABC 20 times over the course of the winter. Thus, i ...Read More

Do I Report Sales Tax On A Cash Basis Or Accrual?08/21/2019

If desired, create a separate login to that Legal Entity or grant access to that Legal Entity only to the one user who has permission to view the Accrual to cash data. We do not recommend that you export the existing Trial balance from your Legal Entity and import it into new Legal Entity. This method does not recognize accounts receivable or accounts payable. Cash ...Read More

Small Business Bookkeeping Basics07/16/2019

Small Business Bookkeeping Basics If a customer pays you a sum, you enter that sum in your asset column only. Makes sense, right? This method can work if your business is simple—as in, very, very simple. For example, if you purchase inventory using cash, record it as an increase in inventory and a decrease in cash. Then, when that inventory sells, note it as a ...Read More

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News


  • 07/09/2020 It is added effortless and out there for gamblers at present....Read More
  • 03/13/2020 ...Read More
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  • 04/08/2019 Калі б я біўся з ім, я б прывязаць яго напалову, як twiglet....Read More
  • 01/23/2019 With 6 zillion customers and we also are extremely certain that you’ll hire a company you’re interested by, we provide you with reduced offer...Read More
  • 04/16/2018 China to Open Border Tourism Pilot Zones in Inner Mongolia and Guangxi...Read More
  • 04/16/2018 Ministry of Culture and Tourism of China Inaugurated...Read More
  • 03/16/2018 Sichuan to Build a Panda National Park Three Times the Size of Yellowstone...Read More
  • 03/16/2018 China to Develop Integrated Tourism and Lower Ticket Prices...Read More
  • 10/09/2017 Beautiful China ‐‐ World Heritage Tourism Promotion Event in NYC...Read More
China in the News Archives

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