Content Why is FinancesOnline free? Reconciling your bank account keys to better accounting for startups This makes it easier to track how your business is performing. The process of accounting for startups is similar to the method for established businesses. Even if you integrate your financial accounts with software, be sure to enter everything else, […]
Content The five accounting elements Stock Sale Bookkeeping Outline Shareholders’ Equity Collect Cash on a Credit Sale Liability Accounts To practice T-account transactions, download Accounting Game – Debits and Credits, the free Apple App. The Chart of Accounts established by the business helps the business owner determine what is a debit and what is a […]
Content Bookkeeping Services Related forms Petty Cash Voucher Format Custodian and Cashier How do companies record petty cash? The custodian is typically a bookkeeper or an administrative staff member with the appropriate training, who is present on the business premises most of the time. Prevents business owners and their staff from “borrowing” money directly from […]
Content You must cCreate an account to continue watching Journal Entries and Trial Balance in Accounting Entering Account Receivable Opening Balances What Is a Trial Balance in Accounting? What Transactions Should Go in the General Ledger? The best practice is to close opening balance equity accounts off to retained earnings or owner’s equity accounts. Keep in […]
Content Overview of Intercompany Eliminations Why are intercompany dividends eliminated? COMPANY The Pooling of Interest Method in Business Mergers What is an intercompany elimination? What are intercompany eliminations? In this post, I present you the solution for intercompany elimination when processing financial G/L data in icCube. Intercompany settlement transactions generate less than half the number […]
Content How to Handle Petty Cash in QuickBooks How to Post Petty Cash Expenses in QuickBooks Online? Setting Up Your Petty Cash Fund Benefits of Using Petty Cash in QuickBooks If you have a small team, then you need to assign an individual in charge of the petty cash box and account. Cash on hand […]
Content Step 2: Gain bookkeeping skills Manage Cash Explore Business Topics What Does a Bookkeeper Do? A Simple Explanation Are bookkeepers accountants? Required Bookkeeper Education In bookkeeping, you have to record each financial transaction in the accounting journal that falls into one of these three categories. The business world is fast-changing, while regulations that keep […]
Content A revolutionary hiring process for Accounting positions Why can’t I find a good bookkeeper? A business owner’s dilemma Hire Accounting workers Text-to-Apply Posters Cons of Remote Bookkeepers We’ll show you a few things to keep in mind so you can identify which bookkeepers are the best fit for your small business. No job is […]
Content What steps can I take to spread awareness and protect my organization? Checking if the site connection is secure Anatomy of a BEC Attack Mimecast’s solutions deliver leading protection against business email compromise Expel Introduces Offering for Detecting Business Email Compromise The perpetrator then provides wire instructions to the victim to facilitate making payments […]
Content Example Format of Classified Balance Sheet Asset Classified Balance Sheet Categories Annual improvements — 2010-2012 cycle Classified Balance Sheet Liabilities It also facilitates the calculation of important financial ratios like the quick, current, and cash ratios. Current AssetsCurrent assetsCash and other assets expected to be sold, collected, or used within one year or the […]