Categoría: Bookkeeping

If prices were falling, LIFO would result in the highest taxable income, FIFO the lowest. As with capital investments, businesses cannot immediately deduct the purchases of inventories against taxable income. […]

Also, try never to force a reconciliation by posting to the Reconciliation Discrepancies account. Only then should you post to the Reconciliation Discrepancies account. The process for reconciling these accounts […]

Accounts receivable is debited because the increase in an asset is always debited. Service revenue is credited because revenue is always credited. The dividend is debited because there is a […]

Data access is subject to cellular/internet provider network availability and occasional downtime due to system and server maintenance and events beyond your control. Your account will automatically be charged on […]

NexGen Finance Solutions is a financial accounting firm located in Plano that employs a real team of bookkeeping and finance professionals. The company’s finance solutions include accounts payable and receivable, […]

At this point, you need to decide whether the current plan is feasible or whether the selling price needs to be raised or whether the operating cost needs to be […]

However, it is essential to recognize that assumptions are simplifications of reality and may introduce uncertainties into our analysis. One aspect that companies must be aware of is the potential […]

If the formula doesn’t automatically calculate, go to the right-hand side of the worksheet at the top and click on Calculate to get the answer of $272.32. Say you want […]

TenantCloud is a full-service rental property accounting and management solution for real estate investors. Features include online rent payments and full accounting, online tenant screening and rental applications, and on-demand […]

With bookkeepers, there are a lot of minutiae involved, and keen attention to detail is paramount. Accountants, on the other hand, tend to use the bookkeeper’s inputs to create financial […]