How are prepaid expenses adjusted on the general ledger?
How are prepaid expenses adjusted on the general ledger? Prepaid expenses are items that a company has paid for in advance but has not yet consumed o...
Asset Management
When recording a new vehicle on the balance sheet, you'll need to consider several aspects to ensure accurate accounting. Here's a step-by-step guide:...
End-of-Month Bookkeeping Checklist
End-of-Month Bookkeeping Checklist End-of-month bookkeeping refers to the process of reviewing, reconciling, and finalizing a business's financial re...
How to hire a good bookkeeper
How to hire a good bookkeeper Hiring a bookkeeper can be a great way to take the burden of managing your finances off your shoulders, but it's impo...
Bookkeeping for E-commerce Businesses
Bookkeeping for E-commerce Businesses E-commerce businesses have unique bookkeeping needs due to the nature of online transactions, inventory managem...
What is an Emergency Fund?
What is an Emergency Fund An emergency fund is a savings account that is set aside specifically for unexpected events or emergencies. It's...
What Are The 4 Important Activities in Bookkeeping?
What Are The 4 Important Activities in Bookkeeping? In bookkeeping, there are several important activities, but four fundamental ones include: R...
Managing Cash Flow
Managing Cash Flow Managing cash flow is critical for the success of any business. Cash flow refers to the movement of cash in and out of a business,...
3 Bookkeeping Tips You Can Use Year Round
3 Bookkeeping Tips You Can Use Year Round As a business owner, bookkeeping is an essential task that can't be ignored. It's not just a yearly chore,...
What are allowable expenses?
What are Allowable expenses? Allowable expenses are the costs incurred by a business that are considered to be normal and necessary for its...