Browsing Category
Bookkeeping
What is Face Value in Share Market? Definition and Its Importance
In the past, the face value of shares served the purpose of preventing companies from selling stocks at prices lower than a set threshold. Acting as a reference point during times of limited data, it…
Read More...
Read More...
Pricing and subscription levels for QuickBooks Online
All subscription levels of QuickBooks Online allow you to securely access your books from anywhere you can connect to the internet. There’s nothing to install, no servers or data files to maintain,…
Read More...
Read More...
Prepaid Expenses Examples, Accounting for a Prepaid Expense
For example, if you prepay accounting fees for $1,650, to cover the next six months, you would need to expense $275 each month for six months. A prepaid expense is any expense you pay that has not yet…
Read More...
Read More...
Journal Entry for Cash Shortage Overage
It requires determining the difference between the value of monetary transactions recorded in the system with actual cash. As stated above, any discrepancy during this process goes into the cash over…
Read More...
Read More...
How to Determine Risk Scores: Internal and External Risks
Since external risks cannot be foreseen with accuracy, it is difficult for a company to reduce these three risk factors. Some types of credit insurance can protect a company against political events…
Read More...
Read More...
9 Best Online Bookkeeping Services 2024
Working with a Wave Advisor is the easiest way to get help with your Wave software because it offers a team of dedicated bookkeeping professionals to help businesses manage finances. The provider…
Read More...
Read More...
QuickBooks Online Pricing And Plans 2023 Guide
Payment gateways allow you to accept payments from your customers. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Online offers…
Read More...
Read More...
Companies House annual report and accounts 2021 to 2022
Both conventions differ in how they report asset values, depreciation, and inventory. GAAP typically requires more disclosures than IFRS, with the latter providing much less overall detail. It…
Read More...
Read More...
Proper Accounting for Mortgage Payments
A mortgage loan payable is a liability account that contains the unpaid principal balance for a mortgage. The amount of this liability to be paid within the next 12 months is reported as a current…
Read More...
Read More...
What Is an Asset? Definition, Types, and Examples
The drawing account is an accounting record used in a business organized as a sole proprietorship or a partnership, in which is recorded all distributions made to the owners of the business. Thus, a…
Read More...
Read More...