How to Do a Bank Reconciliation: Step-By-Step 2023
Such a time lag is responsible for the differences that arise in your cash book balance and your passbook balance. The above case presents preparing a bank reconciliation statement
QuickBooks Online Plans Comparison: 2023 Pricing & Subscription Levels
QuickBooks Plus is the most popular plan for businesses as it includes key features such as inventory, project management, and support for up to five users. QuickBooks Advanced is
What is a Contra Revenue Account?
As mentioned, contra asset accounts are usually listed below their matching asset accounts, and the net values of those assets are written next to the contra accounts. To oppose th
Understanding The Statement Of Shareholder Equity: Key Concepts And Examples
The fluctuation of retained earnings is captured in the stockholder’s equity statement. Beyond transparency, the shareholders equity statement serves as a crucial tool for corpor
High-Low Method: Learn How to Estimate Fixed & Variable Costs
To properly budget or manage your business activities, you must know the fixed and variable costs required for its operation. This means that the variable cost per unit and total f
Difference Between Ledger and Trial Balance With Examples
Double-entry transactions, called “journal entries,” are posted in two columns, with debit entries on the left and credit entries on the right, and the total of all debit and c
Intuit QuickBooks Introduces Integrated E-Commerce Management for Product-Based Businesses Using QuickBooks Online
Product-based businesses often track inventory using inefficient methods, including spreadsheets and pen and paper. In fact, customers report they plan to spend 35% more than they
air conditioning system: definition, functions, components
It works reverse in the winter by pulling heat from the outside to discharge it into the house. The scale helps to measure the size, length, and distance of the plans. In HVAC draw
How do you calculate the payroll accrual?
Let’s also assume that as of December 31, the hours worked from December 27 through December 31 will be part of the payroll that will be processed in early January and paid t