Bookkeeping - Page 5 of 146 - Online Accounting

Start bookkeeping business: How To Start a Bookkeeping Business in 8 Steps for 2023 + Checklist

Jul 19, 2023 Bookkeeping by Adam Hill

You’ll be using the name for years, so be sure it’s a professional and accurate description of your work. You may not want to hire employees right away, but prepare yourself now, so the process is easier in the future. You can research how to hire employees and download or bookmark any necessary forms like
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Stale dated checks: Business Obligations for Unclaimed Property & Stale-Dated Checks

Jul 19, 2023 Bookkeeping by Adam Hill

Tellers in banks will sometimes reject a check if the date is over that limit. This does not prevent a check from clearing the bank when deposited through other means than a teller. Money orders are a substitute for checks and generally used for lower value transactions. Payroll checks are treated differently than regular personal
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Solvency vs liquidity: Solvency vs Liquidity: What is Financial Solvency?

Jul 18, 2023 Bookkeeping by Adam Hill

These ratios measure the ability of the business to pay off its long-term debts and interest on debts. A company that has strong liquidity but poor solvency is in more trouble. This means that the firm has cash on hand to pay its immediate bills, but eventually it won’t be able to cover its debts.
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Small business bookkeeping tips: Attention Required! Cloudflare

Jul 18, 2023 Bookkeeping by Adam Hill

When your business income mixes with your personal accounts, it doesn’t make more money—it just makes a mess. Robust accounting software programs can be extremely helpful on this front, since they are specifically designed to help you track both one-off and recurring expenses. However, plenty of small-business owners utilize basic spreadsheets such as Excel or
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Single entry bookkeeping: Single vs Double Entry Accounting

Jul 18, 2023 Bookkeeping by Adam Hill

Under the prospective effect, the conversion takes place from the date on which the arrangements are made for conversion. This ensures that the books can be maintained under double entry system in the future. Adjusting entries are then passed to record the internal transactions, including depreciation. In turn, this means that a trial balance cannot
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