Bookkeeping

Choose from online courses, a webinar, a live classroom or balance sheet if you already know Xero well you can take our fast-track assessment. Once certified, you’ll receive an official…

At the end, the difference between the account in QuickBooks and your bank statement should be US $ 0.00. For accounts connected to online banking, confirm that all transactions are…

If you’re struggling to collect from certain customers or clients, it may be time to get creative with how you bill them. Staying on top of your business finances is…

Once the entity is defined, all related transactions, assets, and liabilities are reported to the accounting entity for reporting and accountability purposes. Although maintaining separate accounting entities provides management with…

You can simply download the free Xero Projects app on iOS and Android, using it to record time and costs, as well as seamlessly and automatically feed the data into…

That is, it refers to the additional money that your business generates after deducting the variable costs of manufacturing your products. In conclusion, we’ll calculate the product’s contribution margin ratio…

Inventory management software, however, can pull this information together in a few clicks, so you can apply the right data to your EOQ formula. Over-ordering inventory leaves you with too…

The company records that liabilities increased by $10,000 and assets increased by $10,000 on the balance sheet. There is no change in the company’s equity, and the formula stays in…

In accounting, depreciation is recognized as an expense that reduces the value of the asset on the balance sheet over its useful life. The useful life of an asset is…

A few weeks later, they buy a second batch of 100 mugs, this time for $8 apiece. To calculate the value of ending inventory, a brand uses the cost of…