Bookkeeping

Current assets are typically liquid and can be converted into cash in less than a year. Current assets include cash and cash equivalents, accounts receivable (AR), inventory, and prepaid expenses. A fixed asset accountant plays a pivotal role in maintaining the financial integrity of an organization by managing its long-term tangible assets. Write Off Fixed […]

Small business owners are typically experts in their field or industry but might need more financial expertise to keep their company’s books in order. They don’t just crunch numbers; they make those numbers understandable and usable for the business owner. Building a strong network within the accounting and bookkeeping community can also open doors to

Small business teams can store and access accounting systems, reports, and financial documents from the company computer and anywhere you have an internet connection. There are four basic areas you should consider when choosing a cloud accounting software solution. The first is cost, as every company needs to find something that fits into its overall

However, computerization can only speed up the arithmetical aspects of accounting; they cannot replace an understanding of the concepts. However, even before the widespread use of computers, mechanized systems based on mechanical accounting machines were used by many larger companies. The example shows the electricity expense account which is on page 21 of the ledger.