ContentPhilippines Finance and Accounting ServicesOutsource Real Estate Bookkeeping Services to Organize Your FinancesReal Estate Books#3: Choose a Property Management Accounting MethodFollow State and Federal Regulations for Real Estate Accounting Being in the real estate business can be an enriching experience, especially when managing a large...
ContentSales DayBook in Accounting with Format and ExampleWhat is Journal?Journal Transactions for 6-7 SeptemberWhat is a Daybook?Basic Financial AccountingType of daybook or subsidiary journal / From Wikipedia, the free encyclopedia For this instance, a given transaction is for a monetary payment from a customer account...
ContentCloud Accounting SoftwareBusiness tax deductionsCollecting and Recording Shipping FeesThe Two Common Ecommerce Accounting Problems To Account ForDistinguish Between Returns and ChargebacksCost of goods sold There are two types of ecommerce accounting methods for you to choose from—cash and accrual. Once your ecommerce accounting solutions and policies...
ContentDefinition of Liabilities in AccountingExplaining Liability in ContextAccrual and paymentNon-current LiabilitiesHow Do I Know If Something Is a Liability? Once the vendor provides the inventory, you typically have a certain amount of time to pay the invoice (e.g., 30 days). The obligation to pay the vendor...
ContentCan I claim medical expenses on my taxes?Exclusions to Medical ExpensesFinding One: Expenses fluctuated by nearly $1,300 or 29 percent on a month-to-month basis for median-income households.What is the medical expense deduction?What Medical Expenses Are Typically Not Covered by Health Insurance? If approved, funds will be...
ContentCommon misconceptions about assets and liabilitiesWhy Is the Accounting Equation Important?Single-entry accountingTerms Similar to Accounting EquationDifferences between assets, liabilities, and equityFinancial statementBasic Equation to Extended Equation Total assets will equal the sum of liabilities and total equity. Think of retained earnings as savings, since it represents...