One of these accounts must be debited and the other credited, both with equal amounts. In recent years, technology has played a significant role in enhancing the double-entry accounting...
Get unlimited tax advice right on your screen from live experts as you do your taxes. TurboTax Full Service Business is perfect for partnerships, S-corps, and multi-member LLCs. The...
So if you sell a widget for $20 that had $10 worth of raw materials, you would record the sale as a credit (increasing) to sales and a debit...
Intuit reports that 94% of accounting professionals feel QuickBooks Online saves them time and thus saves their clients’ money. Advanced Pricing / Control, depreciation formula customize, and automate pricing...
Managing the financial aspects of a business is crucial for success, and QuickBooks Online is a powerful tool that offers a range of features to streamline the process. One...
QuickBooks Online is cloud-based software, so it offers more mobility. But what QuickBooks Pro Plus sacrifices in mobility, it more than makes up for in its features, which are...
The use of average inventory rather than just the year-end inventory balance helps minimize the impact of seasonal variations in turnover. For immediate access to a company’s inventory turnover...
Meanwhile, an improving current ratio could indicate an opportunity to invest in an undervalued stock amid a turnaround. Public companies don’t report their current ratio, though all the information...
Instead of just outsourcing for bookkeeping services, they are now looking for partners to help them create project valuations, IRR forecasts, cash flows models, and other complex financial functions....