by Becca | Aug 14, 2023 | Bookkeeping
Industries or businesses that require a large number of fixed assets like PP&E are described as capital intensive. From an accounting perspective, plant assets are typically held on the balance sheet at historical cost (what the company paid for them) less...
by Becca | Oct 4, 2022 | Bookkeeping
So this Bank Transactions window is kind of like your Journal or your Cashbook. Data entry involves entering your business’s transactions into your bookkeeping system. As mentioned above, a lot of the data entry now happens automatically, either through OCR or bank...
by Becca | Aug 1, 2022 | Bookkeeping
That’s why at Balance Sheet Insights, our bookkeeping services are tailored to address your specific needs, ensuring that your business receives personalized attention and strategic guidance. At Fogg Bookkeeping Services, we offer https://www.bookstime.com/ a...
by Becca | Jan 19, 2022 | Bookkeeping
Each sales channel has a time frame you can bring in data. You can set a close the books date in QuickBooks Online to prevent changes to be made before a specified date. If you set this closing date, then you won’t be able to download historical data before the...
by Becca | Aug 31, 2021 | Bookkeeping
Under the matching principle, expenses are typically recognized in the same period in which related revenues are recognized. For example, if goods are sold in January, then both the revenues and cost of goods sold related to the sale transaction should be recorded in...
by Becca | Mar 25, 2021 | Bookkeeping
The team at Merritt works in QuickBooks, which is helpful for easy handoff to your accountant and in case you decide down the line to bring your bookkeeping in-house. With our resources and expert team, you’ll also get a full understanding of IRS requirements for...
