8 Best Online Bookkeeping Services 2020 The experts say that you should always have at least six months’ worth of expenses in the bank. One of the tools that you will use quite a bit is a document sharing program. Another tool that will make your life a whole lot easier is using practice management […]

Definition of Unearned Revenue in Accounting Here’s how to account for unearned revenues. (It’s easy!) If it is a monthly publication, as each periodical is delivered, the liability or unearned revenue is reduced by $100 ($1,200 divided by 12 months) while revenue is increased by the same amount. Unearned revenue is money received by an […]

The Best Small Business Accounting Software for 2020 Generally, these companies provide an online portal for clients to upload financial information, such as receipts and bills, to be processed. Bookkeepers often utilize spreadsheets, databases, and accounting software, as well as provide businesses with electronic access to their records. Bookkeeping services are often used by smaller […]

Bookkeeping Process As a training firm, different members of the team have different levels of experience and therefore the member of the team will be tailored to the size and complexity of your business, thereby providing the most cost effective solution. The reality is that technology has removed a lot of traditional differences in terms […]

Negative retained earnings — AccountingTools Assuming Company XYZ paid no dividends during this time, XYZ’s retained earnings equal the sum of its net profits since inception, or in this case, $8,000. In subsequent years, XYZ’s retained earnings will change by the amount of each year’s net income, less dividends. Generally, you will record them on […]

Server-side JavaScript Brings Benefits to NetSuite Developers The most popular plan, FreshBooks Plus, comes in at $25 per month and allows you to bill up to 50 clients. Extra features in this plan include setting up automatic payment reminders, charging late fees, and scheduling recurring invoices. Customers can also subscribe to NetSuite’s Technical Account Management […]

4.1 The Accrual Basis and Cash Basis of Accounting The need for this method arose out of the increasing complexity of business transactions and a desire for more accurate financial information. Selling on credit and projects that provide revenue streams over a long period of time affect the company’s financial condition at the point of […]