Bookkeeping

The Normal Balance of an account is either a debit (left side) or a credit (right side). It’s the column we would expect to see the account balance show up. The same rules apply to all asset, [...]

To illustrate, an example of accounting treatment for floating-rate instruments is provided below. Amortised cost is the measurement method used for certain financial assets and liabilities. To [...]

The time period principle is rigorously enforced, because a high degree of consistency is needed in reporting financial statements. By following this principle, your organization can produce [...]

Workflow automation software like Cflow helps businesses streamline and optimize their key business process workflows easily and quickly. From the creation of PRs and POs to data validation to [...]

Many pharmacies require the services of an accountant to keep track of employee hours, pay rates, and withheld payroll taxes. Preparing, issuing, and recording paychecks on the pharmacy’s [...]

Accurate tracking ensures that any price difference evaluation reflects true production costs. Effective management of direct material variance can lead to significant savings and better resource [...]

The Form W-7 requires documentation substantiating foreign/alien status and true identity for each individual. You may either mail the documentation, along with the Form W-7, to the address shown [...]

This duster makes the process so much easier — specifically designed for cleaning blinds or grates on windows, air conditioners, and more, the durable tool has three arms, which are fitted with a [...]

A transaction can be deferred into the next period if it does not meet the reporting requirements of the current period. Conversely, a company can also distribute funds in reserve to increase [...]

Once done, QuickBooks tracks your bills and expenses automatically. Invoicing is one of the most crucial functions for many businesses, especially those that provide services or rely on [...]