Category Archives: Bookkeeping

What does negative cash balance mean and how to show it in Balance sheet

This occurs when the company has written checks for more money than it has on hand. When a company prepares its balance sheet, a negative balance in the cash account should be reported as a current liability which it might describe as checks written in excess of cash balance. The logic is that the company […]

Treasury Stock Definition + Journal Entry Examples

A purchase can also create demand for the stock, which in turn raises the market price of the stock. Sometimes companies buy back shares to be used for employee stock options or profit-sharing plans. The number for shareholders’ equity also includes the amount of money paid for shares of stock above their stated par value, […]

Шорт сквиз или короткое сжатие в трейдинге и инвестициях

У шорт-сквиза есть много общего со стратегией «Памп и Дамп». Сжатие рынка может относиться либо к шорт сквизу, либо к лонг сквизу. Шорт сквиз затрагивает продавцов, которые эффективно «вытесняются» с рынка в свете быстро растущих цен. Они попытаются выйти из своих коротких позиций как можно быстрее, чтобы сократить свои потери. Это может вызвать панику в […]

Intuit Accountants Takes Tax Preparation to Another Level with 2023 Intuit ProTax Group Product Updates

All of these small costs can add up, making your end bill higher than the predictable $30-$200/month fee. Zoho’s pricier plans include advanced features like sales and purchase orders, recurring bill payments, a collaborative vendor portal and enhanced metrics. This plan is intended for fast-growing service-based businesses. This plan helps organizations create invoices, track expenses, […]

MSP Startup Guide: How to Start a Managed Services Company

On days when she was feeling more vivacious, she would attempt to tell me stories about the children she loved during her career as a schoolteacher. I would talk about my college classes, and she would always offer a place to stay if needed, food from the fridge, or emotional support whenever she could, despite […]

LIFO method and private companies: PwC

The LIFO reserve account explains the difference between these two inventory valuation methods since the time LIFO was implemented. Thus, it plays a critical part in the fair presentation of inventory value within the financial statements and clearly discloses the impact of an organizations strategic valuation methodology. If this account balance changes, more costs will […]

Voucher Definition, Types of Vouchers, and How To Use

Vouchers are requisite and justification for the documents of the transaction that are performed in the organisation. The receipt voucher is of two types, na mely bank receipt voucher and cash receipt voucher. The bank receipt vouchers record the receipt of the demand draft or cheque. This payment voucher will be used for both cash and […]

Bookkeeping for Owner-Operator Truck Drivers

You’ll have everything you need already sorted correctly for the end of each quarter or at the end of each year. Here is an example of a very straightforward recordkeeping system for an owner-operator. With truckers bookkeeping service secure 24/7 access to your documents, you can rest assured that your most important resources are always […]

Current Liquidity Definition

Non-current assets are also valued at their purchase price because they are held for longer times and depreciate. Current Assets is always the first account listed in a company’s balance sheet under the Assets section. For example, Apple, Inc. lists several sub-accountss under Current Assets that combine to make up total current assets, order of […]

Deposit slip Wikipedia compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. This final step isn’t always necessary because some banks don’t require depositors […]