Juni 2021

If Pacioli could visit a modern accounts department, he would recognize that his principles were still regularly applied in practice. He might be surprised by computers, but the basic core of accounting remains the same. For example, consider receiving a check for $5,000 as a vehicle insurance provider. To account for this transaction, $5,000 is

This system of accounting is named the double-entry system because every transaction has two aspects, both of which are recorded. This single-entry bookkeeping is a simple way of showing the flow of one account. To illustrate how single-entry accounting works, say you pay $1,500 to attend a conference. It is recommended to use an accountant

There might be a provision that requires the buyer to leave a building’s original facade intact, for example. As long as they do not break the law, restrictive covenants can be as specific and arbitrary as the parties are willing to agree to. When your analysis is more precise, your estimated cash outflow will reflect

But, one of the decisions you need to make is whether you want the Desktop or Online version of QuickBooks. To avoid these problems, take the time to carefully review your bank feed and ensure that each transaction is assigned to the correct account. This may take a bit of extra time, but it will