These transactions can relate to assets, liabilities, equity, sales, expenses, gains, or losses – in essence, all of the transactions that are aggregated into the balance sheet and income statement. The ending balances in these accounts are then aggregated and reported in the balance sheet and income statement. The totals calculated in the general ledger […]
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The most common uses of petty cash are making change for customers, reimbursing cash to employees for expenses they […]
ContentHow much do freelance bookkeepers charge?Types of Services OfferedBookkeeping for up to 50% less.Do You Need a Bookkeeper for Your Business?Lalea & Black, Los Angeles Certified Public Accounting Firm
You can expect to pay an average amount ranging between $500 to $2,500 per month. Hiring an internal bookkeeper can be quite expensive for small businesses with […]
You can also look at incident responses, and industry best practices to determine if the intangible assets are working. Assets are items a business owns.1
For accounting purposes, assets are categorized as current versus
long term, and tangible versus intangible. Assets that are expected
to be used by the business for more than one year are considered
long-term assets.
If […]
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At the Autumn Statement, the Chancellor said that we are all going to pay more tax in… Private Equity Private equity accounting, from getting deal-ready and finding the right investor through to accelerating growth and making […]
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Effectively, it doesn’t matter where those pairs of hands are located, whether it’s Europe, the USA or Asia. However, many commercial conversations around FTE rates inevitably focus on the delivery from the given scientist or team of scientists. Classic scorecards and metrics […]
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Consequently, the seller legally owns the goods and is responsible for the goods during the shipping process. The buyer takes responsibility for […]
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The payback period, typically stated in years, is the time it takes to generate enough cash receipts from an investment to cover the cash outflows for the investment. Although the net present value (NPV) and internal rate of return […]
A review of the balance in Unearned Revenues reveals that the company did indeed receive $1,300 from a customer earlier in December. However, during the month the company provided the customer with $800 of services. Therefore, at December 31 the amount of services due to the customer is $500. The $1,500 balance in Wages […]
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With running a restaurant business, you’ve got a lot on your plate. Messing with spreadsheets to forecast sales and generate budgets shouldn’t be one of those items. […]