by Manager | Aug 27, 2024 | Bookkeeping
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by Manager | Nov 24, 2023 | Bookkeeping
Realization refers to the actual process of converting non-cash resources into cash or claims to cash. This concept is rooted in the idea that revenue is not considered earned until the earnings process is complete and the payment is assured. For example, a company...
by Manager | Nov 8, 2023 | Bookkeeping
For example, let’s say you deposit five US $100 checks from different customers into your real-life checking account. So, you need to combine your five separate US $100 records in QuickBooks to match what your bank shows as one US $500 deposit. Matching deposits to...
by Manager | Sep 4, 2023 | Bookkeeping
Content How Drop Shipping Complicates Sales and Use Tax How to Deal with Sales Tax as a Remote Seller How do I claim the EV tax credit? Product Exemptions Where Are Dropshippers Supposed to Collect Sales Tax? Since this is a complex issue, it is recommended to consult...
by Manager | Aug 7, 2023 | Bookkeeping
These practices contribute to reliable financial reporting, which is integral to almost every aspect of operating and growing a business. The primary objective of reconciliation is to secured and unsecured debt identify and resolve any discrepancies between the two...
by Manager | Nov 14, 2022 | Bookkeeping
In this article, you will familiarize yourself with the concept of cost accounting, and the various types and methods of cost accounting. You will also learn about the major differences between cost accounting and financing accounting and the role of a cost...
