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Reconciling Accounts in QuickBooks: Step-by-Step Guide

Reconciliation is a process that you should aim to complete regularly. With QuickBooks, there are ways to speed up or even automate the process. Reconciling does not need to be entirely manual these days. Enter an adjusting entry for a reconciliation in QuickBooks Online If you reconciled a transaction by mistake, here’s how capitalize definition […]

Xero Certification for Accountants & Bookkeepers

Xero advisor certification is a learning experience that helps partners and business owners become proficient and confident with Xero’s core features. After completing their certification, #XeroCertified learners then complete four quarterly product updates annually to maintain it. But many practices recognise the value of being #XeroCertified and have all practice staff complete it. Lisa Turner, […]

Stale Check Law: Will Banks Honor Stale-Dated Checks?

The rule for the validity of checks issued by the state government can vary according to the state legislature in America. In the United States, each state has laws about unclaimed property, which includes checks that have yet to be cashed within a certain time. Businesses must give away unclaimed property after a specific period, […]

Introduction to Plant Assets Financial Accounting

The remaining service life of the truck should be estimated and the depreciation adjusted to write off the new book value, less salvage, over the remaining useful life. A more appropriate treatment is to remove the cost of the old motor and related depreciation and add the cost of the new motor if possible. Buildings […]

Rooks Bookkeeping A Guide to Construction Bookkeeping for

One of the most significant challenges in construction is dealing with fluctuating material and labor costs. Market conditions, supply chain disruptions, and seasonal variations can cause unexpected cost increases, making it difficult to stick to budgets. Tracking these costs separately helps The Significance of Construction Bookkeeping for Streamlining Projects bookkeepers identify discrepancies early and maintain […]

8 accounting formulas every small business owner should know

Assets financed by investors and common inventory will be listed as shareholder’s equity on your balance sheet. Under the accrual basis of accounting, expenses are matched with revenues on the income statement when the expenses expire or title has transferred to the buyer, rather than at the time when expenses are paid. The accounting method under which […]