Bookkeeping

But as your operation grows, you’ll want to transition to double-entry to handle more complex transactions. It is not used in daybooks (journals), which normally do not form part of the nominal ledger system. Give your skills a boost with Intuit Academy Bookkeeping Professional Certificate. You’ll learn bookkeeping basics like double-entry accounting, along with accounting […]

The amount of interest payable is determined by the terms of the loan or other lending agreement. Accurate and timely accrued interest accounting is important for lenders and for investors who are trying to predict the future liquidity, solvency, and profitability of a company. Below is a break down of subject weightings in the FMVA®

Costs decline in a falling U.S. dollar environment regardless of whether goods are produced in the United States or by a country that links its currency to the U.S. The confluence of these factors can help investors determine where and how to allocate investment funds when the U.S. dollar is weak. Enlisting the help of a

Create your balance sheet and include any current and long-term assets, current and noncurrent liabilities, and the difference between your assets and liabilities (aka equity). Your statement of retained earnings is the second financial statement you prepare in financial statements are typically prepared in the following order your accounting cycle. Now that you know all