by Admin | Jan 24, 2022 | Bookkeeping
For businesses, convergence could reduce the complexity and costs of financial reporting, particularly for those operating internationally. For investors and other stakeholders, it could increase the comparability of financial statements worldwide, aiding in better...by Admin | Jan 20, 2022 | Bookkeeping
When posting the general journal, the date used in the ledger accounts is the date the transaction was recorded in the journal, not the date the journal entry was posted to the ledger accounts. The advent of automation has revolutionized the posting process in modern...by Admin | Oct 26, 2021 | Bookkeeping
If you don’t have outstanding accounts receivable but want additional financing to increase your cash flow, cash-flow loans could be an option. Cash-flow loans are short-term, often high-interest loans or lines of credit offered by online lenders. You shouldn’t rely...by Admin | Oct 26, 2021 | Bookkeeping
Next, prepare the business records, which can be maintained on a software tool or manually on a spreadsheet. Compare the balance sheet’s ending balance with the bank statement’s ending balance. For instance, the bank charged your business $30 in service...by Admin | Jul 21, 2021 | Bookkeeping
An example of this would be an online software company where customers download the product after purchase. Sometimes, a company like this can even get away with having a negative working capital. business software explained Working capital management relies on the...by Admin | Jul 14, 2021 | Bookkeeping
By updating your books regularly, you can prevent overdrafts, underreporting and countless other easily rectifiable financial mistakes. By saving every receipt, you will create a saving grace for yourself when it comes time to do your taxes. In the unfortunate case...Free shipping worldwide Dismiss