Bookkeeping

GAAP also stipulates that companies should be able to provide reasonable and reliable measurements of progress towards complete satisfaction of these performance obligations. As the company delivers goods or performs services over time, it recognizes the revenue. This process is done by debiting the deferred revenue account and crediting the revenue account. Each debit decreases …

What Deferred Revenue Is in Accounting, and Why It’s a Liability Read More »

Current assets are receivables that a company will get within a year. Generally, they are transactional where money is exchanged for a service/good in real-time. An easy way to understand deferred revenue is to think of it as a debt owed to a customer. Unearned revenue must be earned via the distribution of what the …

Why Is Deferred Revenue Treated As a Liability? Read More »

I bring calm to the chaos of running a business, keeping your books in order and helping you streamline operations so you can focus on what you do best. We offer personalized bookkeeping services at affordable Bookkeeping Services in Carlsbad prices. A dedicated virtual bookkeeper will handle all of your accounting tasks. Keep apprised of …

CapForge Bookkeeping, Tax & More Give Us a Call 858-633-3573! Read More »

Expenses are the costs of operations that a business incurs to generate revenues. When an item is ready to be sold, transfer it from Finished Goods Inventory to Cost of Goods Sold to shift it from inventory to expenses. Depending on your transactions and books, your accounts may look or be called something different. Before …

Journal entries for inventory transactions Read More »

Find out how we work with your accountant to ensure a seamless tax season year after year. We use Plaid, which lets you securely connect your financial accounts to Bench in seconds. This feature saves you the time and effort of manually uploading documents. QuickBooks, Xero and other do-it-yourself bookkeeping software give you a tool …

7 Best Online Bookkeeping Services for Small Businesses Read More »

Ifadditional deposits or withdrawals are included in your calculation, our can you pass the cpa exam in three months calculator gives you the option to include them at either the startor end of each period. Delve into the benefits of daily compound interest, such as the rapid growth of investments and the advantage of earning …

Simple Daily Compound Interest Calculator Compounding Interest Calculators Read More »

Advanced users who have already received a QuickBooks certification can also become certified QuickBooks ProAdvisors. This membership endorsement helps bookkeepers connect with clients. ProAdvisors also receive ongoing training, advanced certification, and recertification opportunities. QuickBooks is a bookkeeping software used by individuals and small business alike. We’re walking you through everything you need to know below, …

How to Become a QuickBooks ProAdvisor: Elevate Your Skills With QuickBooks Desktop and Online Read More »

One of the main reasons why businesses outsource to India is the cost-effectiveness of outsourcing services. In the future, outsourcing to India is likely to remain cost-effective, driven by the country’s lower labor costs and favorable exchange rates. This will continue to make outsourcing to India an attractive option for businesses worldwide. By outsourcing to …

Outsourcing to India: Everything You Need To Know Read More »

Official websites use .gov A .gov website belongs to an official government organization in the United States. For a summary of those rules, please see the new Form W-7 and its instructions. If you need an ITIN, find out how to get the state’s Excluded Workers Fund payments. Forms & Instructions To obtain an ITIN, …

Am I eligible to apply for an individual taxpayer identification number? Internal Revenue Service Read More »

In this case, payment is expected to be made after a service is provided or completed—not before. You may have come across the term “paid in arrears” when managing your small-business accounting, but do you know what it means? Understanding arrears accounting is important so that you have an idea of how such payments are …

What Does Paid in Arrears Mean? Read More »