Category: Bookkeeping

Understanding the difference between current and long-term liabilities is crucial for grasping a company’s financial situation. Liabilities, in general, refer

Julia is responsible for administering the petty cash fund for her employer, Deia’s Drafting Company. When she reconciled the petty

Your current total profit is displayed at the top, followed by lists of, for example, unpaid invoices and income by

Your current total profit is displayed at the top, followed by lists of, for example, unpaid invoices and income by

However, under certain circumstances, applying the matching principle may lead to revenue overstatement since bad debts might not be recognized

If you prefer a manual approach, you could track expenses in a paper ledger and store receipts in an accordion

Accurate tracking of income and expenses is fundamental to understanding the financial health of your dental clinic. This practice provides

Cash flow statements have been required by the Financial Accounting Standards Board (FASB) since 1987. Adam Hayes, Ph.D., CFA, is

Zoho accounting software, called Zoho Books, is free with revenues less than $50,000 per year. Then prices rise to $15