Your cash receipts journal manages all cash inflows for your business. Although these amounts are often posted at the end of the month, they could be posted more frequently. As they are posted, the account numbers are placed in the post reference column. If you accept checks, be sure to also cash receipt journal entry […]
Категория архива: Bookkeeping
This process is like building a normal budget, but there are some other factors to consider when budgeting for retirement. You’ll have to account for things like inflation, which can reduce the purchasing power of your savings, or changes in Social Security benefits. The equivalent for teachers and some non-profit employees is the 403(b). Annuities […]
But understanding both principles is key to managing debt and making on-time payments. Two common but distinct liabilities that businesses encounter are notes payable and accounts payable. Both involve amounts owed, and the main differences between notes payable vs accounts payable lie in the circumstances they arise from and their implications for a company’s financial […]
When Joe receives the $4,000 worth of payment checks from his customers on January 10, he will make an accounting entry to show the money was received. This $4,000 of receipts will not be considered to be January revenues, since the revenues were already reported as revenues in December when they were earned. This $4,000 […]
You will need to review and adjust your bank statement and internal records to account for these discrepancies, giving you your adjusted (or calculated) bank balance and book balance respectively. Accurate bank reconciliations provide a clear picture of your cash flow, confirming you have sufficient funds for your operations and investments and making it easier […]
We offer tax return preparation, financial statements, bookkeeping, consulting and a variety of other services for companies and individuals throughout the San Joaquin Valley and beyond. As one of the largest Certified Public Accounting firms in Fresno and the Central Valley, we offer the depth of knowledge and specialized expertise your business needs to succeed. […]