Arquivo da categoria: Bookkeeping

Why are revenues credited?

Therefore, recording revenue as a credit reflects the growth in your company’s value. The bottom line is revenue is not posted as a debit but as a credit because it represents a company’s income during an accounting period and this … Continue lendo

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What is Salary History and why do companies ask for it?

The most important legal basis for regular salary payments is the employment contract between the company and the employee, which determines the amount of remuneration. Current salary refers to the amount of cash flow statement indirect method money a person … Continue lendo

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Three Types of Accounts Real, Personal, Nominal With Example

When a firm properly calculates its financial statements, it assists in proper business valuation. Furthermore, it helps in getting more investments and thereby expanding the business. This type of personal account represents a particular person or group of persons. However, … Continue lendo

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How Much Will it Cost for an Accountant to Do My Taxes?

Our goal is to address all of these concerns and more so you can accurately assess the cost of an accountant, whether you work in the industry or need to hire your own accountant. Although we’re here to bring you … Continue lendo

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What Does Construction in Progress Mean in Accounting Terms?

Businesses should focus on implementing systems that automate these processes to ensure efficiency and reduce the risk of errors. That’s why most companies often hire a CFO to manage their accounts and ensure their finances are clean and error-free. Ready-to-use … Continue lendo

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