For example, if a company has a liability account for unearned revenue, they would also have a contra liability account to offset the balance in the unearned revenue account. For example, a contra account is used to offset the balance in a company’s accounts receivable account. When a customer makes a payment, the amount is […]
Bookkeeping
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The Ultimate Guide to Outsourcing Your Bookkeeping Work: Streamline Your Finances for Success
Running an effective company requires diligence and focus, and accounting is often a complicated, time-consuming task that takes more work than a single person can do. Freelance bookkeepers may be able to work online, in-person at your business, or both. Let’s take at the benefits and drawbacks of outsourcing bookkeeping, so you can ditch the […]
Income Smoothing: Definition, Legality, Process, and Example
Then when earnings are higher, the corporation will increase spending for personnel and get caught up on the maintenance it had put off. Get new tipps on retirement savings, investment decisions and antifraud tipps. The larger names would book billions of apartment sales each year, often with only a small deposit having been paid. Business […]
QuickBooks Pricing: Costs and Pricing Models
See a quick summary of pricing and add-on fees below, and read the whole post for more detailed information. Between the QuickBooks Online monthly fee and add-on costs, the monthly pricing of QuickBooks Online can add up quickly. Here are our top tips for how to save money on QuickBooks Online. Essentials See what you’ll […]