Clever accounting names suggest an innovative, intelligent approach to financial management, attracting clients who value smart solutions. Creative names show innovation and a fresh approach to bookkeeping, appealing to modern businesses seeking unique financial solutions. This is definitely true when you are trying to build a business. You want to be able to differentiate yourself … Read more
Shareholders are invited to offer their shares for sale at their personally desired price, within or below this range. The company will then purchase their desired number of shares for the lowest cost possible, by purchasing from shareholders who have offered at the lower end of the range. If there is a sound motive for … Read more
Contra asset accounts are recorded with a credit balance that decreases the balance of an asset. A key example of contra liabilities includes discounts on notes or bonds payable. Contra accounts are used to reduce the original account directly, keeping financial accounting records clean. The difference between an asset’s balance and the contra account asset … Read more
Below is a video explanation of the bank reconciliation concept and procedure, as well as an example to help you have a better grasp of the calculation of cash balance. You can use the VLOOKUP function for faster reconciliation of outstanding checks. When you receive your bank statement, it reflects the transactions that the bank … Read more
Houston, Texas is a bustling hub for various business sectors including energy, aeronautics, and health care, not to mention a thriving scene for small restaurants and retail stores. Navigating the financial bookkeeping services houston landscape in this diverse environment can be challenging, particularly given the unique tax laws and regulations of the state. This is … Read more
Bookkeepers do financial data entry, maintain and monitor financial records, record expense receipts and track debits. They maintain and balance ledgers, accounts, and subsidiaries, recording the amounts bookkeeper vs accountant from sales and the expenses incurred within a specific timeframe. There are some key differences between business bookkeeping vs. accounting, though those differences are becoming … Read more