But as your operation grows, you’ll want to transition to double-entry to handle more complex transactions. It is not used in daybooks (journals), which normally

In the company as a corporation, we may issue the common stock for cash for expanding the business operation. Likewise, we need to make the

In this comprehensive guide, we’ll help you simplify outsourced construction accounting and showcase how it can take your business to new heights. Merritt Bookkeeping provides

That’s because most bank apps now can scan paper checks for the information required to make a deposit. This can be useful if deposited funds

The primary objective of accounting is to provide information that will help management take better decisions and plan for the future. It also helps users

Asset accounts can be confusing because they not only track what you paid for each asset, but they also follow processes like depreciation. Maintenance of

With the pandemic, we are having to navigate through new laws and notice requirements. It has not been easy, nor are we on the other

If there was a debit of $5,000 and a credit of $3,000 in the Cash account, we would find the difference between the two, which

States give a second chance to people whose property has been escheated. The original property owner applies, and if their claim is accepted by the

Setting up the software involves plenty of one-time tasks that you’ll want to get right the first time, like connecting your bank account and setting