Bookkeeping

This includes the workers on the assembly line who physically manufacture the product. For real-time knowledge of restaurant operations, a person should... Continue Reading

This means that no one, not even the founder of the organization, can control a nonprofit. Most nonprofit boards of directors  are... Continue Reading

This approach also lets you identify any financial issues before they become bigger problems. Project-based accounting is especially useful when you take... Continue Reading

Once the break-even number of units is determined, the company then knows what sales target it needs to set in order to generate... Continue Reading

Finally, it’s worth noting that the balance sheet typically represents a company’s financial position at the end of a calendar year. However,... Continue Reading

For most people, we recommend replacing Mint with Simplifi, Quicken, RocketMoney, or NerdWallet. The first three cost a few dollars a month,... Continue Reading

Make a note of any transactions that you don’t have a record of and prepare to track down that information if needed.... Continue Reading

Approval to use online payments is subject to eligibility criteria, including identity verification and credit review. You’ll need to answer a few... Continue Reading

A quantity refers to a measurable characteristic of an item or set of items. We can express comparisons between quantities by saying... Continue Reading

A summary of the accounting equation and the accounting rules of debit and credit are provided in Exhibit 2-1 below. Additionally, the... Continue Reading