por Editor | Mar 3, 2021 | Bookkeeping
Financing activities, or the flow of cash to and from lenders and owners, provides insight into a company’s financial health and capital management. It’s common for business loan lenders to require a personal guarantee, so you want to be comfortable with the...
por Editor | Feb 2, 2021 | Bookkeeping
The bank reported a balance of $9,970 and yet the records of Paul’s Plumbing show a balance of $11,800. You must post the journal entries of all the adjustments made to the balance as per the cash book. Bank reconciliation is the process of comparing the balance as...
por Editor | Ene 22, 2021 | Bookkeeping
A cash register is an electronic machine that is used to calculate and register transactions. The cashier collects the cash for a sale and returns a balance amount to the customer. Both the collected cash and balance returned are recorded in the...
por Editor | Dic 25, 2020 | Bookkeeping
In order to make it easier for you and others ― to begin ― you should determine the parent accounts that are the major categories under which your accounts fall. It is important to understand that each of these accounts contains sub-accounts, so these are broad...
por Editor | Dic 16, 2020 | Bookkeeping
Unlike cash dividends, stock dividends don’t affect the cash account. They only affect the shareholders’ equity section in the balance sheet. There is no requirement for companies to issue dividends on common shares of stock, although companies may try to attract...
por Editor | Jul 21, 2020 | Bookkeeping
When you outsource your finances to us, you’ll have access to professionals who are not only experts in finance, but also understand the intricacies of the nonprofit world. Our professional opinion is that the majority of nonprofits will benefit from outsourcing their...
