by Kelly Griffin | Sep 7, 2023 | Bookkeeping
A contra account is an account that is related to another account and typically has an opposite normal balance that is subtracted from the balance of its related account on the financial statements. Accumulated depreciation records the amount of the asset’s cost...
by Kelly Griffin | Jun 23, 2023 | Bookkeeping
Contents:What is the difference between QuickBooks Online and QuickBooks Desktop?Who owns QuickBooks?Generate and print financial statements Running an Efficient Business by Accounting on Xero You may use Xero, an online accounting software… QuickBooks reserves...
by Kelly Griffin | Apr 20, 2023 | Bookkeeping
ContentFundamentals of Building Construction: Materials and MethodsPerformance and AnalyticsArchdesk: The Best Construction Financial Management SoftwareSupportTax ServicesPreparation of Business Plan The accounting system holds large amounts of data as it measures...
by Kelly Griffin | Sep 14, 2022 | Bookkeeping
Check out our services to see what we do and what fits for you. BookWerks™ is a cloud-based bookkeeping firm with its roots in Cincinnati, Ohio that provides assistance to businesses in a variety of industries throughout the country. From restaurants to dental and...
by Kelly Griffin | Aug 16, 2022 | Bookkeeping
Content2 Perpetual v. Periodic Inventory SystemsInventory and Cost of Goods Sold OutlineDisadvantages of a periodic inventory system Thus, avoiding a sudden shortage or a large surplus that becomes useless, each organization uses the inventory system that is best for...
by Kelly Griffin | Jun 7, 2022 | Bookkeeping
ContentDeferred revenue exampleWhat is the opposite of deferred revenue?What Is a Liability?Where does deferred revenue appear in the financial statements?Prevents business over-valuation This technology uses sophisticated algorithms to automate income recognition,...
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