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Content Resources for Your Growing Business Why Would You Charge for an Initial Consult? Professional bookkeeping with no surprise costs. Ever. The two components to bookkeeping services pricing What Is Bookkeeping? For new clients, step one is evaluating your current books and fixing the problems we find. The cost depends on the state of your… Continue reading What’s the True Cost of Doing Your Bookkeeping In-House?

Content Courses Insurance As A Prepaid Expense Balance Sheet Vs Income Statement: Which One Should I Use? How Do Changes In Prepaid Expenses Impact Cash Flow? Adjusting Entries For Prepaid Expense Forecasting Prepaid Expenses In Financial Models Prepaid Expense Based on the accrued accounting, revenue and expenses are recorded when they really incur. This journal… Continue reading What Is The Journal Entry To Record A Prepaid Expense?

Content S corporation advantages: pass-through taxation, limited liability protection, and credibility Create a Free Account and Ask Any Financial Question What are the 5 Big Disadvantages of Incorporating a Business? Security of the Company DISADVANTAGES of S Corporations Business security and perpetuity A board often has the ability to fire the founder and vote other board members out.… Continue reading The Disadvantages of Forming a Corporation

Content What is the Double Declining Balance Depreciation Method? Corporations Working On Autonomous Vehicles What are Plant Assets? – Financial Accounting How to calculate depreciation using the double declining method Double-Declining Balance (DDB) Depreciation Method Definition With Formula And, unlike some other methods of depreciation, it’s not terribly difficult to implement. We now have the… Continue reading Double Declining Balance Depreciation Method

Content Step 1: Identify Transactions The 8 Important Steps In The Accounting Cycle Importance Of Posting Accounting Definition What Is Batch Costing? Definition, Features, Advantages, Disadvantages Step 8: Closing The Books Posting in the ledger is a manual process; hence workforce is needed. It ensures that all assets and liabilities are to be recorded properly.… Continue reading What Is Posting In Accounting?