Category Archives: Bookkeeping

You are guaranteed to receive efficient, honest bookkeeping services that will ensure your satisfaction. Cheryl’s personable attention and wide experience in the Seattle area in accounting will be a strong asset to your Seattle business. Her understanding of up-to-date tax … Continue reading →

The retail method of valuing inventory only provides an approximation of inventory value since some items in a retail store will most likely have been shoplifted, broken, or misplaced. It’s important for retail stores to perform a physical inventory valuation … Continue reading →

Content Accounting for real estate agents: it has never been easier Features • I have had specific training to be proficient with data input, a critical element for accurate comparisons FREE DOWNLOAD: Sample P&L Statement Accounting Vs. Bookkeeping for Real … Continue reading →

Content Understanding Cash Flow Analysis The direct method of calculating cash flow Importance of Cash Flow Statement How do you compare the indirect method with the direct method of cash flow statement? What Is a Cash Flow Statement? Example and … Continue reading →

Content Restricted Funds Tax exemption How is nonprofit accounting different? Statement of Activities and Changes to Net Assets Nonprofit accounting definition In short, the extra funds are preserved for future use and cannot be distributed to anyone in the organization. … Continue reading →

Content What are Outstanding Checks? Example of Writing Off an Old Outstanding Check What are unpresented or outstanding checks? How to handle outstanding paychecks Connect With a Financial Advisor The bank will only debit the depositor’s account when the check … Continue reading →

Content Notes to the accounts for the year ended 31 March 2022 Depreciation, amortisation and impairment charges Common Accounting Terms Need to know — IASB issues amendments to IAS 1 regarding the classification of liabilities with covenants How will balances … Continue reading →

Content Accounting For Prepaid Rent Everything You Need To Master Financial Modeling Prepaid rent as a permanent account Common Reasons for Prepaid Expenses Assets, Liabilities, Equity: Comparison These expenses are initially recorded as current assets, but the benefits of the … Continue reading →

Content A Guide to Small Business Taxes Top Tax Deductions for Homeowners Travel costs Home Office Deduction Other Deductions for Landlords Property management fees This depreciation method, known as cost segregation, is more complicated. Still, it allows property owners to … Continue reading →

They maintain accurate records of daily financial activities and manage accounts payable and accounts receivable. The accrual accounting method records financial transactions when they occur rather than when cash exchanges hands. The requirements of small business accounting come down to … Continue reading →