Bookkeeping and Accounting: Difference, Process, Example

venerdì, 6 settembre 2019

Bookkeeping and Accounting: Difference, Process, Example They were keeping the books. to be taken to our list of free bookkeeping and accounting tutorials. The process of accounting is more subjective than bookkeeping, which is largely transactional. Keep in mind that accounting is a much broader term than bookkeeping. Bookkeeping refers mainly to the record-keeping aspects […]

Unearned Revenues

martedì, 13 agosto 2019

Unearned Revenues Unearned revenue is great for a small business’s cash flow as the business now has the cash required to pay for any expenses related to the project in the future, according to Accounting Tools. The construction industry, furniture manufacturers or any industry that manufactures custom products often require a percentage of the total […]

Accrual Accounting Basis

martedì, 22 gennaio 2019

Accrual Accounting Basis Trial periodEdit Prepaid expenses are the payment opposite of accrued expenses. Rather than delaying payment until some future date, a company pays upfront for services and goods, even if it does not receive the total goods or services all at once at the time of payment. https://www.bookstime.com/the-accounting-equation For example, a company may […]