by wjd3000 | Feb 7, 2022 | Bookkeeping
ContentClearing account definitionFixing problems in SuspenseClearing AccountStay up to date on the latest accounting tips and trainingSuspense AccountHow long should transactions remain in the suspense account? Suspense and clearing accounts resemble each other in...
by wjd3000 | Dec 20, 2021 | Bookkeeping
ContentLong-Term LiabilitiesIdentify Your LiabilitiesHow To Prepare Your Balance SheetHow To Create Balance Sheets For Your Small Business?Free Small Business Balance Sheet Templates Try using a free small business budget template to find areas where you can make...
by wjd3000 | Dec 7, 2021 | Bookkeeping
ContentContinue the process until the prepaid expense account is $0What is considered a prepaid expense?Prepaid Expense: Definition and ExampleAsset and ExpenseWhy are Prepaid Expenses an Asset? The $50,000 balance in prepaid expense appears on the balance sheet for...
by wjd3000 | Sep 16, 2021 | Bookkeeping
Content2 Contract Provisions for Risk AllocationConstruction Contracts: What Does “Workmanlike Manner” Mean?How to Report and Pay Independent Contractor TaxesConsensusDocs 710: Application for PaymentHow do I calculate taxes for my small business?How Much to Set Aside...
by wjd3000 | Sep 16, 2021 | Bookkeeping
Content2 Contract Provisions for Risk AllocationConstruction Contracts: What Does “Workmanlike Manner” Mean?How to Report and Pay Independent Contractor TaxesConsensusDocs 710: Application for PaymentHow do I calculate taxes for my small business?How Much to Set Aside...
by wjd3000 | Aug 9, 2021 | Bookkeeping
ContentPresent Value TablesInflation and Purchasing PowerTime Value of Money: Present Value of a Single AmountExample: What is $570 in 3 years time worth now, at an interest rate of 10% ? She most recently worked at Duke University and is the owner of Peggy James,...
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