Categoría: Bookkeeping

The best way to make a receipt is to use tools and software designed for making receipts and invoices instead of just using a receipt template. It’s very hard to make the receipt look professional, even when using professionally designed receipt templates. Microsoft Word Doc is designed for general documents such as letters and reports....

By adopting IFRS, financial institutions can improve their credit risk management practices and provide more accurate and comparable financial information to stakeholders, enhancing market confidence and reducing systemic risks. These models can be based on a variety of factors, such as payment history, debt levels, and income. Credit scoring models help lenders and investors determine...

Although each transaction must be posted to the subsidiary accounts receivable ledger, only the totals for the month have to be posted to the general ledger accounts. At the end of the month, the amount column in the journal is totaled. This total is then posted as a debit in the accounts receivable control account...

While traditional budgeting tends to be inflexible and reactive (not allowing for any changes throughout the year), finance teams are embracing the more agile rolling forecast to address changes monthly or quarterly. When you embrace the rolling budget, you’ll be able to make your budgeting process more than a formality — and less painful for all...

When your business earns a surplus income you have two alternatives, you can either distribute surplus income as dividends or reinvest the same as retained earnings. Retained earnings represent the portion of your company’s net income that remains after dividends have been paid to your shareholders, and is reinvested or ‘ploughed back’ into the company....

For example, Accounts Receivable may be made up of subsidiary accounts such as Accounts Receivable – Customer A, Accounts Receivable – Customer B, Accounts Receivable – Customer C, etc. The Talent Acquisition team is dedicated to connecting people with exciting career opportunities and partnership within Intuit. Certification is not always mandatory but can enhance your...

Proper documentation of employee payments helps you comply with labor laws and simplifies payroll processing. Implementing a comprehensive time tracking system can streamline employee payment recording and ensure compliance with labor regulations. By maintaining accurate records of employee payments, you can effectively manage your payroll process and promote a positive work environment. Identify the main...

By adding the two asset values and then dividing by 2, you get the average value of the assets over the course of the year. This is then compared to the total annual sales or revenue, which can be found on the income statement. The asset turnover ratio can vary widely from one industry to...

Jeremias Ramos is a CPA working at a nationally recognized full-service accounting, tax, and consulting firm with offices conveniently located throughout the Northeast. Jeremias specializes in tax and business consulting with focus areas in real estate, professional service providers, medical practitioners, and eCommerce businesses. This deducts revenue received in the current period but relating to...

So, say you started small with a few items listed on eBay or had a small Etsy shop. You begin experiencing growth, and sales are climbing, and so are your revenues. Once PayPal considers it right to freeze your account, they’ll email you. In paypal accounting the account dashboard, locate and click on the “Settings”...