Categoría: Bookkeeping

The debit to income summary should agree to total expenses on the Income Statement. Learn how closing entries streamline accounting by resetting temporary accounts and...

In single-entry bookkeeping, you maintain a cash book in which you record your income and expenses. Start with your existing cash balance for a given...

This can lead to differences in the timing and amount of revenue recognized compared to IFRS. On the other hand, GAAP financial statements prepared under...

You’ll have 24/7 access to video tutorials, labs, and exercises. You’ll have access to the On-Demand course for multiple months to work through the QuickBooks...

Decimal, an Indianapolis-headquartered outsourced accounting services and solutions provider, has acquired the cloud-based bookkeeping service and select other assets of KPMG Spark. The purchase will...

The handy checklist will cover the documents and other information needed by most people to file their federal income tax return. Just pick the categories...

Send invoices promptly and ensure accuracy to avoid delays in payments and confusion for customers. Include detailed information about products or services, payment terms, and...

A lower number suggests efficient collection practices, while a higher number may signal potential cash flow issues. The average collection period is the time a...

Your statement of activities should categorize revenues into restricted, temporarily restricted, and unrestricted. Similar to a for-profit income statement, the non-profit statement of activities reflects...

We’re confident we can review your current bookkeeping and find ways to improve your financial health. Our team acts as an extension of your organization...