by admin | Nov 2, 2021 | Bookkeeping
Anything you spend money on to operate your business and generate revenue counts as a business expense. Common business expenses include rent, staff wages, equipment, vehicles, payments to suppliers, and insurance. It extends beyond mere cost control to encompass...
by admin | Sep 23, 2021 | Bookkeeping
Privately held companies can then seek investors by selling off shares directly in private placements. These private equity investors can include institutions like pension funds, university endowments, insurance companies, or accredited individuals. Basic equity value...
by admin | Sep 29, 2023 | Bookkeeping
The debit card has become such an indispensable form of payment nowadays, that it is hard to think of life without them. Yet, in more recent years, the physical plastic card itself has come under threat from digital mobile payment methods, like Google...
by admin | Oct 31, 2023 | Bookkeeping
The new entry is recorded under the Jan 10 record, posted to the Service Revenue T-account on the credit side. As you can see, there is one ledger account for Cash and another for Common Stock. Cash is labeled account number 101 because it is an asset account type....
by admin | Nov 13, 2023 | Bookkeeping
The company should ensure that any money coming into the company is recorded in both the cash register and bank statement. If there are receipts recorded in the internal register and missing in the bank statement, add the transactions to the bank statement....
by admin | Jan 25, 2023 | Bookkeeping
A higher accounts payable turnover ratio indicates that a company pays its creditors more frequently within a given accounting period. This reflects the company’s ability to effectively manage its accounts payable and maintain good relationships with suppliers....
