‘Bookkeeping’ Category
The Landlords Guide to Basic Real Estate Bookkeeping
Content Part V: Implement Creative Bookkeeping Strategies Rental Property Accounting Tips: Essential Guide for Landlords Track Your Expenses in Real-Time What about bank accounts for managing rental properties? Utilize Software to Stay Organized Filing taxes and reporting expenses How Do You Do... (more)
Contingent Assets and Liabilities IAS 37
Now, the former can’t recognize this as a contingent asset even if it is sure to win and the amount can be estimated. Only when the lawsuit is settled and a sure amount is to be received at a specific time can... (more)
Contingent Assets and Liabilities IAS 37
Now, the former can’t recognize this as a contingent asset even if it is sure to win and the amount can be estimated. Only when the lawsuit is settled and a sure amount is to be received at a specific time can... (more)
Gross pay definition What it is & how to calculate it Sage Advice US
Content Gross Income vs. Net Income Why Is It Important to Understand Gross Wages? Components of Gross Pay Hourly: Example 2 What Is Gross Pay? Gross income is purely a pre-tax amount, so taxes aren’t relevant to the calculation. If an employee... (more)
Cash vs Accrual
The net costs of federal activities are estimated throughout the federal budget using two fundamentally different accounting measures—cash accounting and accrual accounting. The principal difference between cash and accrual accounting lies in the timing of when the commitment (or collection) of budgetary... (more)
Insurance Claim Received Journal Entry
Because the amount is paid in advance benefit of which is not yet received and the same is to be received in the future date. Sometimes insured goods are lost by fire, theft, or any other reason. There can be three cases... (more)
5 Ways to Improve Your Law Firms Bookkeeping and Accounting
Content Double-Entry Accounting Failing to Accurately Maintain Your IOLTA (Trust) Bookkeeping Common legal accounting and bookkeeping mistakes Integrations with Online Payments 6 Top Tax Deductions for Lawyers and Law Firms Happy Lawyers Do More Using a third-party platform for accounting didn’t make... (more)
Single audit report illustrations Resources
Content Basic Inventory Audit Report Template Section IV: Tests of controls Basic Elements of an Audit Report AICPA Audit and Accounting Guide, State and Local Governments Printable Qualified Audit Report Template Audit Investigation Report Template A qualified opinion, however, will include an... (more)
A Comprehensive Guide to Shopify Bookkeeping
Content Other Shopify Resources The best tools for ecommerce bookkeeping Accounting For Property Management: A Beginner’s Guide Why Is Accounting Software Needed for Shopify Business? Do I need accounting software if I just have a small Shopify store and small business? How... (more)