Bookkeeping

Blocking a phone call is fairly simple from a tech perspective. Your device is essentially just not notifying you when that person tries to call, FaceTime, or send a text. It’s basically the equivalent of being on Airplane Mode, but only toward specific phone numbers. Messages will forward the sender’s information and the message to […]

This practice is commonly followed by both individuals and businesses to ensure the availability of a property or space for a predetermined period. In this section, we will delve into the definition and purpose of prepaid rent, exploring its significance in managing cash flow and maintaining financial stability. Let’s consider a case study to illustrate

On the other hand, larger organizations with multiple divisions may prefer top-down forecasting. Collecting and consolidating data from various teams is a labor-intensive and time-consuming process in the bottom-up approach. The top-down approach to forecasting has earned a fan base among large organizations and those juggling multiple divisions as it grants a holistic perspective of

JIL Enterprise, PA, provides bookkeeping services to individuals and businesses in Raleigh and the surrounding areas. It helps clients manage their financial statements using QuickBooks and Peachtree software. It also handles tax planning, preparation, and notice response solutions. In addition to bookkeeping and tax services, the company offers financial counseling, retirement and estate planning, and

No more feeling neglected by companies that promise more than they deliver. We’ll keep you informed, and we’ll never sell your information to anyone. In the realm of business operations, even the smallest details can have a significant impact on efficiency and cost savings. This app has not yet launched, but according to the Bookkeeper360

It includes several steps, such as journalizing transactions, posting to the general ledger, preparing trial balances, and creating financial statements. The accounting equation is used throughout the accounting cycle to ensure that the financial statements accurately reflect the financial position of the company. However, they do affect the basic accounting equation, as they reduce the

The financing activities section generally shows inflows and outflows to or from investors and lenders. If a company issued stock or bonds during the period, the proceeds would show up as an inflow. If the company bought back stock or had bonds mature during the period, the payments would show up as an outflow. Once

For example, it has 100 customers, but after assessing its aging report decides that 10 will go uncollected. The balance for those accounts is $4,000, which it records as an allowance for doubtful accounts on the balance sheet. The Pareto analysis method relies on the Pareto principle, which states that 20% of the customers cause