Adam Hill, author at Online Accounting

Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net

Tax Included And How To Back Out The Sales Tax

Dec 24, 2021 Bookkeeping by Adam Hill

Add the amount of sales tax to the purchase price to find the total price of the purchase. Finishing this example, you would have to add $11.60 to $160 to find the total purchase cost would be $171.60. You must collect sales tax at Cuyahoga County’s ...

How To Prepare A Post Closing Trial Balance

Dec 23, 2021 Bookkeeping by Adam Hill

Notice that the post-closing trial balance lists only permanent or balance sheet accounts. The balances of all temporary accounts have become zero as a result of closing entries. The temporary accounts have therefore not been listed in post-closing t...

How To Start A Bookkeeping Business In 2021

Dec 23, 2021 Bookkeeping by Adam Hill

Starting a virtual bookkeeping business won’t help you become an overnight billionaire. For those with a head for numbers, an eye for detail and a love for paperwork, bookkeeping is a profitable business to start. A bookkeeper keeps the financial rec...

The Art Of Forensic Accounting

Dec 23, 2021 Bookkeeping by Adam Hill

To establish that the financial statements improperly reflect sales, electronic data from the sales and accounts receivable systems will need to be analysed in conjunction with physical or electronic records associated with customer orders, inventory...

3 Ways To Calculate Variable Costs

Dec 22, 2021 Bookkeeping by Adam Hill

Also, you need to understand that some fixed costs change on an annual basis, as mentioned in the contract that increases your overall fixed costs. Let’s just say you renewed your insurance policy to increase your insurance premium for the next year....