Category Archives: Bookkeeping

What is accrual accounting? A beginners guide for 2023

This can include things like unpaid invoices for services provided, or expenses that have been incurred but not yet paid. Accruals impact a…
Continue reading

Units of production depreciation

Aside from unit of production method, there are other methods of measuring the depreciation of assets. Another method commonly used for depreciation is…
Continue reading

The difference between an invoice and a statement

It provides a summary of multiple transactions, while the invoice date pertains to a specific sales transaction, and initiates the request for payment.…
Continue reading

8 Simple Steps for an Effective Bank Reconciliation

Most accounting systems and ERPs have built-in modules that can import bank transactions and compare them to the transactions in the system. Drafting…
Continue reading

The Best Guide to Bookkeeping for Nonprofits: How to Succeed Foundation Group®

You’ll be able to provide a snapshot of the organization's financial health so that stakeholders can assess its performance and decide its future…
Continue reading

Xero vs QuickBooks 2024 Comparison

Both easily manage key accounting functions like transaction and expense accounting and reconciliation. Are you looking for an easy and affordable way to…
Continue reading

Income Statement Example Template Format How to Use Explanation

It is also known as the profit and loss (P&L) statement, where profit or loss is determined by subtracting all expenses from the…
Continue reading

What Is Bx Cable Livelaptopspec

All electrical engineers who work in the utility field must be licensed through the Fundamentals of Engineering (FE) exam. To qualify for licensure,…
Continue reading

What Are Hedge Funds And How Do They Work?

Hedge funds use unique trading strategies for investing in order to beat the returns of the market. They take on higher risk, hedge…
Continue reading

The difference between an invoice and a statement

It provides a summary of multiple transactions, while the invoice date pertains to a specific sales transaction, and initiates the request for payment.…
Continue reading