التصنيف Bookkeeping

Client invoicing includes gathering client billing information, such as name, address, and bill amount. That helps ensure that clients are being billed appropriately for attorney services and that bills are going out to the right people and places in a…

The sales proceeds allocated to each of the three machines at the New Jersey plant is $5,000. This transaction is a qualifying disposition, so Sankofa chooses to remove the three machines from the GAA and figure the gain, loss,…

With the appropriate level of automation integration in your chosen tool, you can pull the relevant values into these individual accounts directly from invoices, credit agreements, and other documentation. In other words, contra revenue is a deduction from gross revenue,…

Depending on the prevailing market conditions, the market and face value have close to no correlation. Though the bond face value provides some form of guarantee on the return, the stock face value is not a good indicator of the…

Because of this, we advise restricting your bond investments to bonds that you intend to have until their maturity. Corporate bonds by companies that have low credit quality are known as high-yield bonds (junk bonds). If you choose to invest…

Your business’s recurring expenses, aside from inventories and production expenses, are periodic. Since period costs are a broad category, they’re better explained by what they aren’t. Period expenses appear on the income statement with an appropriate caption for the item,…

Business owners who do their small business bookkeeping need to know period cost accounting in order to write off their business expenses correctly. Overhead, or the costs to keep the lights on, so to speak, such as utility bills, insurance,…