Bookkeeping

The SMB-focused bookkeeping, accounting and finance startup finally has raised $50 million in a Series B round of funding and secured a $150 million credit…

It can reduce errors and save time and resources for your small business by calculating wages, taxes, benefits, and deductions automatically. If you’re still manually…

When we compare QuickBooks Live and Pilot Bookkeeping in terms of pricing, QuickBooks Live is the clear winner because it charges a more affordable price…

This means that when the loss is reported as an expense in the books, it’s being stacked up on the income statement against revenue that’s…

These examples shall give us a practical overview of the concept and its intricacies. The matching principle states that any transaction that affects one account…

They can be found in nature or they can be processed from another material. Direct materials are the source from which other products are created.…

If a company buys supplies for cash, its Supplies account and its Cash account will be affected. If the company buys supplies on credit, the…

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news,…

Many subaccounts in this category might only apply to larger corporations, although some, like retained earnings, can apply for small businesses and sole proprietors. Assets…

The transactions are sometimes recorded in one or more accounts, but the balance is usually a debit. To determine the contra revenue, you simply deduct…