Categoría: Bookkeeping

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Bookkeeping

The Guide to Prepaid Expenses: Accounting, & Journal Entries

This entry reduces the prepaid rent asset account by the amount that pertains to that period and increases the rent expense account, reflecting the expense incurred for that period. The reporting of prepaid rent in…
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Bookkeeping

Journal entry for investment in shares of another company

Reports like Trial Balance and Balance sheet work out Opening Balances, Retained Earnings, Net income for the year on the fly by summing appropriate journal records. The company usually records the purchase of the treasury…
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Bookkeeping

Outsource Accounts Payable Services AP Service Provider

So if the provider faces challenges such as security breaches or even insurance journal entry bankruptcy, then your company processes could come to an abrupt standstill. Hence, if your business shares duplicate invoices, you are…
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Bookkeeping

Cost of Debt: Definition, Formula, Calculation & Example

Your cost of capital represents the total Legal E-Billing cost you pay to raise capital funds for your business. To find total interest, add up all the interest expenses paid over the past year, including…
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Bookkeeping

IRS Direct File for free Internal Revenue Service

IRS Free File partner companies may not disclose or use tax return information for purposes other than tax return preparation without your informed and voluntary consent. These companies are also subject to the Federal Trade…
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Bookkeeping

Comprehensive Accounting Practices for Car Dealerships

From Jamaica you can take NYC subway lines E, J or Z further into Brooklyn, Queens and onward to the island of Manhattan, with travel time being between 50 and 60 minutes to Penn Station…
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Bookkeeping

The difference between capital expenditures and revenue expenditures

If Company A spends $1,000 per month on updates for a key piece of software used by each team member each month, then the $1,000 is a revenue expenditure in Company A’s monthly financial statement.…
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Bookkeeping

QuickBooks Desktop, Compare QuickBooks Desktop to Online

For example, Xero and FreshBooks are cloud-based platforms with extensive features for small and medium-sized businesses, while Quicken is a desktop option for self-employed individuals. Subscription clients in QuickBooks Desktop 2023 (R1) or older versions…
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Bookkeeping

Alcohol Panic Attacks: Causes, Symptoms, and Prevention Strategies

Your GABA levels drop lower than normal, and glutamate surges back, sometimes causing alcohol-induced anxiety symptoms, including panic attacks after drinking. Sometimes, even just a few drinks can trigger a panic attack after drinking. Others…
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Bookkeeping

Working Capital: Formula, Components, and Limitations

Accounts payable refers to one aspect of working capital management that companies can take advantage of that they often have greater control over. When forecasting debt, consider any ratios within the debt covenants that the…
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