Categorie: Bookkeeping

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Recording Payroll with a Journal Entry

Content Custom Import File How to Enter Your EFTPS PIN in QuickBooks Payroll Journal Entries Set Up The Chart of Accounts How to Record Payroll Health Insurance Premium Payments in Accounting Pay your employees and record the payments. When completed with the Payroll Journal Entry, hover over ‘Approve’ in the ribbon above and select your...

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Basic accounting principles

Content Letter of Credit Related Content For Accounting What’s it like to study accounting? Accounting helps you stay on top of your debts While some of these terms might not apply to your business right now, it’s important to develop a holistic understanding of the subject in case you expand or move into another type...

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Cost concepts: Explicit and Implicit

Content Operating Costs Cost Concept Build your dream business for $1/month Cost Concepts Preparing Financial Statements Login to your account What is the difference between marginal cost and average cost? Historical Costs are those costs which are taken into consideration after they have been incurred. This is possible particularly when the production of a particular...

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Differences Between Cost Method & Equity Method Chron com

Content How to Use This Accounting Terms Guide Equity Method Pros and Cons of the Cost Method of Investments Equity Method of Accounting Example, Part 1: Purchasing a Minority Stake and Recording Net Income and Dividends from It Home / Resources / Streamlining Equity Method Accounting and Equity Pick Up Equity Method vs Consolidation Method...

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Working Capital: Formula, Calculation and Example

Content How Working Capital Affects Cash Flow Business financing FAQs Current Liabilities Cash to Net Working Capital Ratio Liquidity A company may have $75,000 of working capital, but if their current assets and current liabilities are in the millions of dollars, that could be a slim margin between them. The ratio puts the dollar amounts...

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Free & Printable Receipt Templates

Content Small businesses DONATION RECEIPT Landlord Rent Receipt Donation Receipt Form Template Be sure to include the type of donation, the amount or value, and each party’s contact information. Keep organized records of donations made and received, as these are tax-deductible for donors if your organization qualifies as a charity under IRS regulations. Simple Cash...

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Declining Balance Method: What It Is, Depreciation Formula

The term depreciation, in accounting, relates to the allocation of a fixed asset’s cost over its life. In other words, it is an accounting method used to divide an asset’s cost over its useful life or life expectancy. Through this process, companies can reduce their value in the same year as they generate revenues. Depreciation...

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Fullerton Bookkeeping Services

Content QuickBooks for Construction Accounting Basics for Contractors and Construction Businesses Advantages of Outsourced Bookkeeping for Construction Business Never chase timesheets again. General Contractors & Builders We assist our client to perform cost analysis regarding project management to result in higher efficiency. Her work has appeared on Business.com, Business News Daily, FitSmallBusiness.com, CentsibleMoney.com, and Kin...

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The Accounting Equation: A Beginners’ Guide

Dividends, earnings distributed to the stockholders of the company. Let us now try to understand 6 tax tips for startups the difference between financial-calculators and regular scientific calculators. Accountants have to solve several challenges related to the financials and accounting domain of a company. Changes in the tax laws, cash flow calculations, analyzing and judging...

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Types of Contra Accounts List of Examples Explanations Definition

Content How and Why Contra Accounts Are Used How to Use the General Journal to Enter a Cash Refund on a Credit Card Transaction in QuickBooks Contra Asset Account Understanding a Contra Account You can also record contra revenue within the sales account, but this means that it will be buried within the total amount...