by Admin | Nov 15, 2023 | Bookkeeping
Millions of companies utilize Stripe every day for accepting payments, sending payouts, and managing general business finances. It’s also incredibly easy to check your PayPal balance and move funds back and forth to and from your bank account. Then, you’ll need to go... by Admin | Oct 31, 2023 | Bookkeeping
Every Time a transaction is debited on the journal, there must of necessity be a corresponding credit score entry to steadiness it out. Equally, a credit entry in one account will mechanically result in a debit entry in another. The T-account is among the elementary... by Admin | Sep 11, 2023 | Bookkeeping
A credit in contrast refers to a decrease in an asset or an increase in a liability or shareholders’ equity. This equation sets the foundation of double-entry accounting, also known as double-entry bookkeeping, and highlights the structure of the balance sheet.... by Admin | Jul 25, 2023 | Bookkeeping
During the second quarter of 2025 the account will earn interest of $204 based on the account balance as of March 31, 2025 ($10,200 x 2% per quarter). The interest for the third quarter is $208 ($10,404 x 2%) and the interest for the fourth quarter is $212 ($10,612 x... by Admin | Jun 7, 2023 | Bookkeeping
Much like accrued revenue, an accrued expense reflects a transaction where the actual payment is made after the good or service has been fully provided. However, an accrued expense instead documents the outstanding liability of the buyer. At its most basic level, the... by Admin | Apr 25, 2023 | Bookkeeping
The final step to maximize benefits of tuition reimbursement and educational leaves? Find out what they’ve learned, if their career goals have changed and what they believe they can now bring to the business. Think of it like this — offering academic assistance...