por redaccion | Mar 21, 2024 | Bookkeeping
To learn more about this process, check out our article on how to record the journal entry for disposal of fixed assets. This is the amount of the cost of an asset that is allocated and reported at the end of each reporting period. It is calculated by subtracting the...
por redaccion | Feb 27, 2024 | Bookkeeping
Rather than waiting to see exactly how payments work out, the company will debit a bad debt expense and credit allowance for doubtful accounts. An allowance for doubtful accounts is a contra account that nets against the total receivables presented on the balance...
por redaccion | Ene 17, 2024 | Bookkeeping
A taxpayer whose ITIN has been deactivated and needs to file a U.S. return can reapply using Form W-7, Application for IRS Individual Taxpayer Identification Number. You can visit an IRS Taxpayer Assistance Center for in-person assistance with the ITIN...
por redaccion | Dic 28, 2023 | Bookkeeping
Cloud accounting software, also known as online accounting software, is accounting software that helps you maintain your books of accounts online. Cloud accounting software such as QuickBooks is based in the cloud instead of being installed on your desktop computer....
por redaccion | Nov 21, 2023 | Bookkeeping
And although the aforementioned mistakes are typically easily remedied, in some cases, transposition errors relating to medicinal dosing information may lead to tragic consequences. For example, recording a payment meant for accounts payable in accounts receivable....
por redaccion | Sep 26, 2023 | Bookkeeping
However, without the influx of capital you obtain from loans, you may maximum level or maximum limit of stock face substantial challenges when trying to purchase equipment or grow your team. You can also use loan proceeds to boost your cash flow and thus face fewer...
