Category: Bookkeeping

In terms of payroll, arrears refers to payment after the work is completed. After the first two weeks of the month, the employer calculates employee wages for the current pay period. They may add additional wages in the journal entries to issue stock form of tips or other benefits or make deductions for absences. After […]

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Without reliable data, you may not be able to make the best decisions for your business. A bookkeeping system provides the information you need to manage your operations. Candidates looking at how to be a bookkeeper without a degree can follow several paths. Enrolling in a certificate or degree program offers an education-based option. You […]

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In his view, if reverse repos stopped contracting that could become a meaningful sign liquidity levels were getting tight enough for the Fed to change gears. Lou Crandall, chief economist with Wrightson ICAP, a research firm, said Fed policymakers are “highly mindful of the fact that the trigger signs this time might be different from […]

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When the completed asset is placed into service, the project’s accumulated costs will be removed from the Construction Work-in-Progress account and will be debited to the appropriate plant asset account. Because the expansion is complete and in service, the equipment in this example will begin depreciating as other fixed asset accounts do. It is the […]

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On the other hand, a physical inventory could be counted at the end of each reporting period manually. However, the perpetual system requires the use of special software designed to track inventory from purchase requisitions to delivery and ultimately when it is sold to customers. Read our article on perpetual vs periodic inventory to learn […]

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We launched a Healthy Kansas initiative as the public health component of the governor’s health reform agenda. On the environment side, we began to look more closely at our permitting processes and environmental sustainability. The high costs of undertaking an IPO is one reason why many smaller companies stay private. Public companies also require more […]

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By using this process you can generate, download, and finalize reports as required. Accounting information is used by the lessor in calculating the amount due from the lessee. Based in St. Petersburg, The Best Guide to Bookkeeping for Nonprofits Fla., Karen Rogers covers the financial markets for several online publications. She received a bachelor’s degree […]

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Academic background, years in the field and professional reputation all can affect an accountant’s rates. If you’re looking for bookkeeping services bookkeeping services tampa fl in Tampa, there are several options available. Some accounting firms in Tampa offer bookkeeping services, as well as specialized bookkeeping firms. View profiles, read reviews, check qualifications, and see prices […]

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This way each accounting period starts with a zero balance in all the temporary accounts. Notice that the effect of this closing journal entry is to credit the retained earnings account with the amount of 1,400 representing the net income (revenue – expenses) of the business for the accounting period. Closing journal entries are used […]

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In recent years, the trend has been going in the wrong direction, with fewer accounting majors and fewer new CPA candidates. Accounting has frequently been called “the language of business.” Accounting skills are so fundamental to the global economy that accounting graduates deserve early career compensation on par with that of other business degree holders. […]

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