Category: Bookkeeping

 
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How To Calculate Accounting Accrual Basis

Content Debit The Receiver And Credit The Giver Want To Improve Your Business Management? Sign Up For Our Tips! Accrual Accounting Method The 10 Percent Method Debit The Receiver And Credit The Giver Interest expense accruals – Interest expenses that are owed but unpaid. In simple terms, it is the accounting adjustment of accumulated debits … Read More

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Best Practices For Nonprofit Financial Health, Part One

Content Financial Accounting Finance Your Business Net Assets Five Steps To Increase Your Unrestricted Charity Income Financial Accounting For some organizations with a varying pattern of cash flow, such as non-profits, unrestricted cash can keep operations active even when funding sources dry up. Current liabilities on the balance sheet include accounts payable and accrued expenses … Read More

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9 Important Bookkeeping Skills You Need For A Successful Career

As any good scientist will tell you, theory and practice are two completely different concepts. And while we’d venture to say that in theory many business owners are more than capable of accomplishing their own bookkeeping, What is bookkeeping in practice many fall short. American Institute of Professional BookkeepersA professional organization for bookkeepers, AIPB offers … Read More

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3 Ways I Use QuickBooks To Manage Personal Finances

It allows you to invoice customers, connect your bank and credit card accounts, track sales tax, and run basic financial statements. In fact, you can generate income (profit and loss) and balance sheet statements in just a few minutes with QuickBooks Online Simple Start. QuickBooks Online Simple Start is the most affordable double-entry accounting software, … Read More