Archives de la catégorie: Bookkeeping

What Is Petty Cash And How Do You Use It?

Learn what petty cash is, what it’s used for, and how to set up a petty cash fund for your business. The normal balance of petty cash can vary depending on the size of the company. Typically a small-to-medium business keeps about $100 of cash on hand, but large corporations may have as much as…
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What Are Liabilities In Accounting?

Effective and efficient treatment of accounts payable impacts a company's cash flow, credit rating, borrowing costs, and attractiveness to investors. Accounts receivable are similar to accounts payable in that they both offer terms which might be 30, 60, or 90 days. However, with receivables, the company will be paid by their customers, whereas accounts payables…
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Exactly what Does Unearned Earnings Me an?

Exactly what Does Unearned Earnings Me an? Recognizing what unearned revenue exactly does revenue me an is crucial to be more successful in your on-line enterprise. Even if it's the case that you don't think about the cash flow you're producing to be"earnings", it's still crucial to learn howmuch you should be paying for to…
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Do Bookkeepers Need to Be Licensed?

Do Bookkeepers Need to Be Licensed? While we'll try and address both sides of the issue, our focus will be on the business owners point of view. While most businesses will still require a bookkeeper to keep the books, bookkeeping will become a lot more than just data-entry, balancing bank ledgers and reconciling bank statements.…
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