What Is Bookkeeping? Duties, Pay, and How to Become a Bookkeeper
They can also usually take care of some of the tax preparation so that your accountant has less to do (which is a good thing, because bookkeepers are less expensive than a CPA). But they won’t be able to help…
Continue ReadingWhat is the Difference Between Term and Serial Bonds?
Secured term bonds are those that are backed by the assets or collateral of a company in case of a failure to repay the amount of the bond upon maturity. Unsecured bonds are those that do not offer this type…
Continue ReadingConversion costs definition
Factories must use electricity to power their machines and produce products, but each dollar of electrical costs can’t be directly tied back to the products that were produced. The calculation for conversion costs includes direct labor in addition to overhead…
Continue ReadingAccounting Basics: T Accounts
You will notice that the transactions from January 3, January 9, and January 12 are listed already in this T-account. The next transaction figure of $100 is added directly below the January 12 record on the credit side. A single…
Continue ReadingProduct Cost vs Period Costs: What Are the Differences?
They are identified with measured time intervals and not with goods or services. Period costs can be defined as any cost or expense items listed in the firm’s income statement. Both of these types of expenses are considered period costs…
Continue ReadingWhy is prepaid insurance a short term asset?
At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content. Additionally, an organization reporting under US GAAP must follow the matching principle by recognizing expenses in the period in which they are incurred.The most-common…
Continue ReadingWhat Is Bookkeeping? Everything You Need To Know
Bookkeeping is an accounting process of recording and maintaining accurate records of your company's financial transactions. This information can help you make informed decisions about your business operations, investment opportunities, and other financial decisions. In addition to helping the business…
Continue Reading9 Best Online Bookkeeping Services 2024
Lots of bookkeeping services are built to run on QuickBooks, an industry leader in accounting and bookkeeping software. Some services also support Xero, another popular cloud-based accounting software. If you're comfortable with your current software, ensure your bookkeeping service supports…
Continue ReadingWhat Is Annual Income? Here’s How to Calculate It
This can be done in a variety of ways, such as through reviewing pay stubs, checking accounts, or your budget app. These types of income are uncommon and not as prevalent but may be pertinent to you. Another example of…
Continue ReadingSacramento Bookkeeper Your Numbers Our Strength
The local agency offers income and business tax preparation and planning. Busy Bee Advisers is a full-service accounting agency that offers bookkeeping solutions for clients in Sacramento. Busy Bee's services include Quickbooks setup and training, accounts payable and accounts receivable,…
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