par PatrickBertrand | Avr 24, 2024 | Bookkeeping
Understanding the distinction between these metrics is vital for businesses as they provide valuable insights into a company’s financial health. Adequate working capital supports day-to-day operations, enabling timely payments to employees, suppliers, and creditors....
par PatrickBertrand | Mar 15, 2024 | Bookkeeping
The transaction can include cash accounting as advance or recovery of credit sales. The following example illustrates how a cash receipts journal is written and how entries from there are posted to relevant subsidiary and general ledger accounts. The cash receipts...
par PatrickBertrand | Sep 27, 2023 | Bookkeeping
They understood the importance of building orientation and the properties of different materials. For example, many ancient Roman bath houses featured large, south-facing windows to maximize the amount of sunlight entering the building. This design allowed the...
par PatrickBertrand | Avr 19, 2023 | Bookkeeping
I come from many generations of native Texans and have lived in central Texas all of my life. I began bookkeeping as a young teenager working in my family’s small business. After attending The University of Texas Austin I worked for a couple of large companies. After...
par PatrickBertrand | Avr 5, 2023 | Bookkeeping
In the accounting cycle, accounts are classified as either permanent or temporary. Permanent accounts, also known as real accounts, are those whose balances carry forward from one accounting period to the next. Temporary accounts, on the other hand, are closed at the...
par PatrickBertrand | Oct 16, 2020 | Bookkeeping
The virtual accounting firm maintains books of account, aiming to keep records of transactions that are detailed and accurate. It has audit defense and income tax solutions for small business establishments that wish to keep their revenue dues down. The office also...
