Bookkeeping - Todo Maskota

Archivos de Categoría: Bookkeeping

What Is the Expense Recognition Principle?

In this example, the only expense incurred involved purchasing raw materials. In reality, you’ll have other expenses to account for, such as operating expenses. Make sure you’re on top of your expense management processes to record these numbers accurately. Revenue is recognized when it is earned and payment is guaranteed, whereas expenses are recognized when […]

9 Best Payroll Services For Small Business February 2024

Outsourcing can make tax filing, calculating payroll, and other payroll-related matters easier and more efficient, whether you’re a small business owner or a payroll specialist at an enterprise company. The benefits of payroll software are payroll accuracy, timeliness and compliance. All-in-one systems also have the added functionality of interdepartmental communication, making it easier than ever […]

Financials Financial Management Software

We cannot coordinate all economic transactions with the cash basis of accounting. Cash flow statements track cash flows that go into and out of companies. They give us insights into what management is doing to generate cash from operations, invest for the future (investing cash flow), and handle financial obligations (financing cash flow). To […]

Financial Accounting Meaning, Principles, and Why It Matters

Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks. Cost accounting focuses on a detailed break-up of costs for effective cost control. Managerial accounting is very important […]

Accrued salaries definition

Salaries, wages, and other compensation employees earn for a specific period that haven’t been paid by the company. For example, if the employee’s annual salary is $60,000, divide that by 52 to calculate their weekly rate, then divide that by five to get their daily rate. Most finance teams rely on payroll software to calculate […]

15 Best Dallas Bookkeeping Services

This is perfect for the business owner or creative who prefers Do-It-Yourself projects, but still needs a bookkeeper on the sideline. Schedule a free, no-hassle, no-obligation consultation with us and find out how much time and money we can save your Dallas-based business today. Join hundreds of businesses that rely on us to handle their […]

How a General Ledger Works With Double-Entry Accounting Along With Examples

With so many reports to look through, you may be asking yourself, What do these reports mean, and how do I use them? Take a look at the difference between general ledger vs. trial balance and how to use the reports to your advantage. A general ledger is the master set of accounts that summarize […]

Full Disclosure Financial Accounting

A set of financial statements includes the income statement, statement of owner’s equity, balance sheet, and statement of cash flows. These statements are discussed in detail in Introduction to Financial Statements. This chapter explains the relationship between financial statements and several steps in the accounting process. We go into much more detail in The Adjustment […]

Singapore Wikipedia

During World War II, Singapore was occupied by Japan in 1942 and returned to British control as a separate Crown colony following Japan’s surrender in 1945. Singapore gained self-governance in 1959 and, in 1963, became part of the new federation of Malaysia, alongside Malaya, North Borneo, and Sarawak. General and administrative costs are rarely reported […]