Category Archives: Bookkeeping

The Difference Between Capital Expenditures And Revenue Expenditures

Example Of Revenue Expenditure Unlike operating expenses, which receive tax deductions in the year the expenses occur, a firm must depreciate capital expenses over the life of the asset. To properly depreciate capital expenditures, a firm must know the original … Continue reading

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Principles Of Accounting

Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record … Continue reading

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Bookkeeping Fundamentals Explained

Bookkeeping Fundamentals Explained In order to correctly implement bookkeeping, companies will need to first choose which basis of accounting they’ll follow. Your chart of accounts will reflect your complete operation which is the reason why it’s considered the backbone of … Continue reading

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Account Balance

Everything from a utility bill to a mortgage account needs to show you the balance of the account. For financial accounts that have recurring bills, such as a water bill, your account balance usually shows the https://accounting-services.net/account-balance-definition/ amount owed. An … Continue reading

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Cloud Accounting Services

Cloud Accounting Services Exiting a business Audit, personal financial planning, tax planning and probate are just a few of the services we’re well versed in. Click the service you are interested in below to find out how we can help … Continue reading

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