Bookkeeping

This transaction affects both sides of the accounting equation; both the left and right sides of the equation increase by +$250. For every transaction, both sides of this equation must have an equal net effect. Below...

Focus on running your business, and let us handle your day-to-day accounting. Not Authorized to Do Business In Every Jurisdiction.1-800Accountant is not authorized to do business in every jurisdiction. Information published on this Site may contain...

As opposed to a simple journal entry that only includes a maximum of 1 debit and 1 credit. It is easy to confuse the Bank as a real account whereas it is actually categorized as a...

That's because the government assesses tax as a percentage of the asset's value that a taxpayer purchases or owns. This type of tax does not correlate with an individual's earnings or income level. Progressive tax systems...