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Category Archives: Bookkeeping

What is petty cash?

However, it can be challenging for a business involved in multiple countries or operating across multiple offices. A Finance Manager is generally responsible for approving any payments made using petty cash. The employee requesting petty cash should also provide the necessary documents backing up the expense. Most often, the manager of employees also has oversight […]

What Is a Debtor, and How Is It Different Than a Creditor?

Offer pros and cons are determined by our editorial team, based on independent research. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews. If you’re approved, the creditor pays the seller of the home and reduces the loan balance […]

Xero vs QuickBooks Online: Which is Better?

If you want to know more about this solution, feel free to contact us. With Xero, you get the benefit of high-quality integrations over quantity like QuickBooks Online. The solution’s comprehensive and user-friendly invoicing and reporting features impressed us. Along with essential invoicing features, you get access to the vast QuickBooks network — if your […]

Illustrative examples Statement of financial position, statement of comprehensive income, and statement of changes in equity

As you can see, the net income is carried down and adjusted for the events that haven’t occurred yet. This gives investors and creditors a good idea of what the company’s assets and net assets are truly worth. Keep in mind, that we are not only adjusting the assets of the company, available for sale securities, […]

How to calculate retained earnings formula + examples

Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. In years past economists relied on gross national income (GNI) for a more accurate measure. GNI counts the total income received by a country’s Accounting vs Law: Whats the Difference? residents, which means it excludes profits sent […]

Retained earnings Wikipedia

For one, retained earnings calculations can yield a skewed perspective when done quarterly. If your business is seasonal, like lawn care or snow removal, your retained earnings may fluctuate substantially from one quarter to the next. Therefore, the calculation may fail to deliver a complete picture of your finances. The truth is, retained earnings numbers […]

Your Guide to Understand the Accounts Receivable Process

The final step in the accounts receivable process is posting payments that you have received from your customers. Discover how to speed up your accounts receivable cash application to automatically match customer payments to invoices and reduce unapplied cash by up to 99%. The good news is that businesses can also use technology to improve […]

Undeposited Funds Account in Quickbooks: What is it and How is it Used?

Think of the undeposited funds account as a virtual cash register or a temporary safe where you can store customer payments until you’re ready to deposit them. This feature is especially beneficial if you receive multiple payments throughout the day or week and want to combine them into tips for submitting your nih grant application […]

Как торговать на Форекс без брокера 2020

Кроме того, стоимость торговли на ликвидном рынке также наиболее низкая. О низких тарифах при торговле на форекс мы поговорим более подробно чуть ниже. Редкими называют пары, которыми на мировом рынке торгуют относительно нечасто. Сюда, помимо многих прочих, входят и пары с рублем – например, те же USD/RUB и EUR/RUB. CFD более доступны для трейдеров с […]

QuickBooks Online Advanced Free Trial

The report reflects a compelling 42% anticipated jump in small business patronage, attributed to the consumer belief that such shopping experiences are less taxing than their big-box counterparts. A recent Intuit QuickBooks survey uncovered U.S. consumers signal a 42% year-over-year increase in their spending at these enterprises despite ongoing economic uncertainty. Small Business Trends is […]