Bookkeeping

Types of Budgets: Operating, Capital, and Cash Budgets Explained Canada These budgets are more accurate as they require continuous updates according to the needs of a business. Rolling budgets are more suited to fast-paced businesses where changes occur constantly and the budgets need to be revised accordingly. Fixed budget, by its name, refers to the…

Why Petty Cash Is Important to Small Businesses And for larger expenses — travel, in particular — it’s hopelessly inefficient. Handing employees money rather than a credit card with access to a credit line might seem like a better option – but both solutions are fraught with difficulty. Unfortunately, the more petty cash transactions you…

The accounting treatment comes through the presentation of net purchases in the notes to the financial statements. Besides that, companies must record each item of the net purchases figure separately. Once a customer reaches a certain amount of sales volume during the measurement period (typically a year), a volume discount applies. This discount can be…

Specific permissions may be limited, so check with your bank for details. Manage your business accounting and financials retained earnings with expert advice. Cash basis and accrual basis are two common methods of accounting for business. Get paid In order to really streamline how PayPal is set up and make your bookkeeping a whole lot…

QuickBooks Payments: Mastering Account Management Basics Barbara has an MBA from The University of Texas and an active CPA license. When she’s not writing, Barbara likes to research public companies and play Pickleball, Texas Hold ‘em poker, bridge, and Mah Jongg. After providing the necessary information, you’ll be asked to verify your identity and eligibility.…