The other class of shareholders is those who require capital gain returns from their investments. For dividend shareholders, dividends are vital in deciding where they want to invest. Similarly, for some dividend shareholders, dividends may be the only source of […]
Continue reading »Category: Bookkeeping
The Usual Sequence of Steps in the Recording Process in Accounting
You need to know about revenue recognition (when a company can record sales revenue), the matching principle (matching expenses to revenues), and the accrual principle. The general ledger serves as the eyes and ears of bookkeepers and accountants and shows […]
Continue reading »What does an Accountant do: Role, Types, and Skills Required
Long story short, a personal accountant will help you make good business decisions. If you have a problem that isn’t necessarily within their scope, a personal accountant can recommend a qualified professional to assist you. The majority of them have […]
Continue reading »Construction Accounting, Bookkeeping, Payroll, & Reporting
When you’re a Pro, you’re able to pick up tax filing, consultation, and bookkeeping jobs on our platform while maintaining your flexibility. You will work closely and directly with a highly skilled team of U.S. based construction accountants. You’re assigned […]
Continue reading »4 6: Determine and Dispose of Underapplied or Overapplied Overhead Business LibreTexts
The opposite of overapplied overhead is underapplied overhead, which occurs when a company has applied more overhead to products than it has actually incurred. Similarly, the work in process inventory account and finished goods inventory account will also be added […]
Continue reading »Reconcile an account in QuickBooks Online
If there are transactions that haven’t cleared your bank yet and aren’t on your statement, wait to enter them. If they match, put a checkmark next to the amount. However, businesses with high transaction volumes might benefit from more frequent […]
Continue reading »Reconciliation Finance, Definition, Process, Methods
For example, while performing an account reconciliation for a cash account, it may be noted that the general ledger balance is $500,000. Still, the supporting documentation (i.e., a bank statement) says the bank account has a balance of $520,000. Account […]
Continue reading »Stale Dated Checks
There are a few ways you can determine if a check is stale-dated, whether you received the check or have concerns about a check you’ve written. Treasury (a federal tax refund, for example) are good for 12 months after the […]
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