Bookkeeping

Content Understanding the Allowance for Doubtful Accounts To record estimated uncollectible receivables using the Accounts Receivable Aging Method Record a Customer Payment on a Previous Credit Sale Integrating Allowance Accounts into your Accounting System Recording the Allowance for Doubtful Accounts When the account defaults for nonpayment on December 1, the company would record the following …

Allowance for Doubtful Accounts when Customers Who Owe Do Not Pay Leer más »

Content Greg Lemon CPA, PLLC Bearden Stroup & Associates, CPAs TPWD – Administrative Assistant III (Assistant Office Manage… Small Business Accounting Services in Huntsville How can I find out if a tax preparer os considered an essential COVID-19 service provider? Eric Kunz, CPA To learn more about our industry-specific experience and the credentials of our …

Huntsville Carr, Riggs & Ingram CPAs and Advisors Leer más »

Content Net Realizable Value definition Net Realizable Value Analysis Lower of cost or market (old rule) Determining Uncollectible Accounts Related Definitions IFRS and US GAAP Each business has its own means of determining when a receivable becomes uncollectible. Accounting standards require that the lower of cost or market be reported on the balance sheet. This …

What is NRV net realizable value in accounting? Leer más »

Content How do I get a voided check for direct deposit? Savings open Reasons You May Need To Void a Check Splitting Your Direct Deposit How do I request a voided check? If you have a Chase account, then you can also just fill out a form instead of using a void check to set …

What is a voided check: When and how to void a check Wise, formerly TransferWise Leer más »

Content Example of a General Journal Accounting Entry Debit Side Vs Credit Side Example of an Accounting Journal Entry Reversing Journal Entry 5 Use Journal Entries to Record Transactions and Post to T-Accounts Denna Company collected $80,000 cash from accounts receivable. The income summary is used to transfer the balances of temporary accounts to retained …

Accounting journal entries Leer más »

Content Trade Invoice Templates What is a sales invoice? Template Downloads Invoice with Agiled Instead Add your client’s name along with contact and address information. Our stylish templates are available for download in PDF, XLS, DOC, Google Docs, and Google Sheets. Whatever payment cadence you choose, make sure it’s clearly noted on each invoice, and …

Florist Invoice Template Wave Financial Leer más »

Content Set up your business infrastructure Sage Book Club: 5 must-read books for entrepreneurs this summer The Benefits of Starting a Bookkeeping Business However, if you plan to set up a home office, you’ll need to obtain a business mailing address so that you don’t have to use your home address. This will make your …

How to Start a Bookkeeping Business Step-by-Step Guide Leer más »

Content What is an invoice? Ways to Send An Invoice TMetric Documentation Open the Invoice Template Why would I use invoicing software? Company PayPal Invoicing comes pre-loaded with features for small businesses. If you’re selling a product, you’ll add the description of the product, as well as the quantity and the price per item. If …

Free Invoice Template Download and Send Invoices Easily Leer más »

Content The Rent Expense Account Belongs in Which Category of Accounts? Want More Helpful Articles About Running a Business? Depreciation on a Balance Sheet Rent received in advance © RentRedi 2022 How do I set up a balance sheet for my rental properties? For example, residential rental property is depreciated over a period of 27.5 …

Rent Expense Explained & Full Example of Straight-Line Rent Leer más »

Content FOB Add-on Terms What is FOB Shipping? Understanding FOB Shipping Point vs. Destination Freightos Free on board shipping vs. free on board destination: What’s the difference? Who Assumes the Cost of FOB Shipping Point vs Destination? Defining the Terms Also, the best thing about the shipping feature with Strikingly is that you have the …

What Does FOB Mean? How Can FOB Terms Affect Your Company? Leer más »