Bookkeeping

Financial Accounting Meaning, Principles, and Why It Matters

RWS2024-08-13T21:07:33+02:00

It is a designation that is considered challenging to obtain, with exact requirements varying from state to state. However, upon receiving the designation, a CPA is considered an expert in the field of accounting, and would typically enjoy a much higher salary than that of an accountant. For a...

Senate Approves $95 Billion Aid Bill for Ukraine, Israel and Taiwan The New York Times

RWS2024-09-13T01:01:01+02:00

This document is considered an invoice by the business that has provided the goods or services to the customer. The customer who receives this invoice then records this document as a bill that needs to be paid. A quote provides the client with a fixed price for a project,...

THE BEST 10 Bookkeepers in PORTLAND, OR Last Updated April 2024

RWS2024-09-13T12:27:00+02:00

These jobs primarily are seasonal but can be full-time or part-time, and some of these seasonal workers will be made permanent. You have to have an active CPA license to apply, and you need to be an expert in tax law to qualify. To find the remote job listings,...

What Is the Accounting Equation Formula?

RWS2024-09-04T11:51:05+02:00

The balance sheet is also known as the statement of financial position and it reflects the accounting equation. The balance sheet reports a company’s assets, liabilities, and owner’s (or stockholders’) equity at a specific point in time. Like the accounting equation, it shows that a company’s total amount...

4 1 Cash versus Accrual Accounting Principles of Finance

RWS2024-08-07T09:39:20+02:00

That individual’s taxable income is $50,000 with an effective tax rate of 13.88%, giving an income tax payment of $6,939.50 and NI of $43,060.50. Cash increases (debit) and Accounts Receivable decreases (credit) for the full amount owed. If the customer made only a partial payment, the entry would reflect the...