Bookkeeping

However, you typically only have a limited period, such as 30 days from the statement date, to catch and request correction of errors. This transaction…

Variable costs tend to represent expenses such as materials, shipping, and marketing, Companies can reduce these costs by identifying alternatives, such as using cheaper materials…

Contrary to this, the stock with a much lower number of outstanding stocks could be more vulnerable to price manipulation, requiring much fewer shares to…

Net profit is a calculated line item, which is operating profit, plus or minus the net amount of interest income and expense, minus income taxes….

Fringe benefits must also be paid for all hours worked, including overtime. Form WH-347 is the form you’ll use to submit your weekly certified payroll…

The accounting equation is a concise expression of the complex, expanded, and multi-item display of a balance sheet. This transaction affects both sides of the…

Accurate depreciation not only affects your financial statements but also impacts your tax obligations and business decision-making. Depreciation expense refers to the portion of a…

As you can see, the income and expense accounts are transferred to the income summary account. As the tables show, this business made a profit…

To build your business credit, start by registering for a free DUNS number through Dun & Bradstreet. Use your DUNS number when applying for double…

Ledgers also provide the ability to prepare reports such as balance sheets and cash flow statements which can be used by business owners, managers, and…