Bookkeeping

My suggestion is to first read our free 13-part Bookkeeping Explanation and take our Bookkeeping Practice Quiz. Next, you can start studying each of the bookkeeping-related topics found on our Bookkeeping training page. Many of the processes, policies, and procedures include detail-oriented tasks to ensure financial accuracy. Learn about bookkeeping, typical responsibilities, how to become […]

You’re probably wondering now what the difference is between these two job titles and which one you should hire to take care of your financial records. On the other hand, accounting stands for compiling and analyzing information about the account. However, that “full charge” part implies that something more is also included in the package.

This approach is excellent for established, long-term relationships because it is founded on mutual trust. Payment depends on the buyer’s desire to pay, hence the risk to the seller is larger. Using an ILOC as the form of payment requires both the buyer’s and seller’s consent. Prior to obtaining, verify that both parties are prepared

The IRS requires that the constant yield method be used to amortize a bond premium every year. Those who invest in taxable premium bonds typically benefit from amortizing the premium, because the amount amortized can be used to offset the interest income from the bond. This, in turn, will reduce the amount of taxable income