Category Archives: Bookkeeping

Explaining Capital Stock Meanings In Economics And Accounting

Content Reconciling Working Capital On The Balance Sheet With The Cash Flow Statement Diane Cranesenior Accountant Capital Account Types Of Capital: Financial Capital Vs Capital In Economics As useful lives are an estimate, periodically, local governments should consider information available about the existing estimates and make adjustments as needed. For example, accounting vs bookkeeping governments […]

A Beginner’s Guide To Retained Earnings

Content How Do You Calculate Retained Earnings? Is Retained Earnings An Asset? Step 1: Obtain The Beginning Retained Earnings Balance How Retained Earnings Work What Is The Importance Of Reinvesting In The Business? The reduction of $3.7B mostly came from paying more out in dividends than the company generated in net income. On a company’s […]

What Are Liabilities?

Content What Are Liabilities In Accounting? Unearned Revenue The Difference Between A Liability And An Expense Long Term Debt To Equities Ratio Types Of Liabilities: Contingent Liabilities These amounts owed are also referred to as accounts payable. Examples of current liabilities include accounts payable, interest payable, income taxes payable, bills payable, short-term loans, bank account […]

Quickbooks Online 2019

Content Quickbooks Training Class Spokane Linkedin Learning Bookkeepingmaster Quickbooks Learning Center Create A Purchase Order In Quickbooks Online When video tutorials are just not enough, this QuickBooks online course for the software is the way to go. The course is also helpful, whether a student wants to learn QuickBooks Online for his business or career. […]

Small Business Accounting Solutions

Content Find An Accountant Have Multiple Business? Gaining Steam The Efficient Way For Your Clients To Thrive About Cookiesmanage Cookies The QuickBooks Self-Employed app has a new chatbot feature called QB Assistant that can answer a variety of questions about your account and connect you to live support. Although the self-employed plan includes mileage tracking, […]

Accounts And Normal Balances Flashcards

Content Is Income Summary A Permanent Account? Asset Accounts With Debit Balances Normal Accounting Balances Recording Changes In Balance Sheet Accounts Is Cash A Debit Or Credit? This means positive values for assets and expenses are debited and negative balances are credited. When you place an amount on the normal balance side, you are increasing […]

Question 6 What Is A Contra Asset Account Why Do We Use A Contra Asset Account

Content An Example Of Recording A Contra Asset Integrating Allowance Accounts Into Your Accounting System Types Of Contra Asset Accounts And What They Mean How Are Accumulated Depreciation And Depreciation Expense Related? Understanding Contra Accounts When the interest is paid you could debit interest payable and credit cash. Accounting Accounting software helps manage payable and […]

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