What Is A Chart of Accounts?
A Chart of Accounts helps a business classify income and expense transactions into specific categories and is like a map to the general ledger accounts.
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General Ledger Accounts (GL): How They Are Used in Bookkeeping
General ledger accounts are the place where all financial transactions of a business are categorized. Each account has a ledger showing details of money received or spent.
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The Best 5 Tips for Online Store Accounting
Five essentials to establish your online store accounting: 1. choose the right payment gateway 2. find good accounting software 3. tick the right tax setting
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Stuck On Your Business Bookkeeping? Outsource To Online Professionals
Try KPMG Spark bookkeeping outsource professionals. Using their special online software they will process your books, file your tax returns and keep in touch.
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Profit and Loss Questions and Answers
Profit and loss questions from real businesses with my answers including loans received, rental deposits and refunds and non-working shareholder travel costs...
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8 Invoicing Apps That Will Allow You to Make and Save Money in 2020
8 invoicing apps that help you streamline your invoicing process and provide exceptional customer service, accept payments, calculate taxes and import expenses.
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Insurance Journal Entry for Different Types of Insurance
A basic insurance journal entry is Dr Insurance Expense Cr Bank. Here are over 15 bookkeeping journals for different types of insurance activities by a small business.
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Home Office Expense Costs that Reduce Your Taxes
7 home office expense costs that can reduce your taxes when self-employed; see how to calculate the deductible portion and get the free excel sheet.
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Commission Income Defined and How to Account for Commissions Earned
Commission income is a portion of sale proceeds earned by a seller who doesn’t own the product sold. Here is how to calculate and record commissions in bookkeeping.
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What is a Trial Balance?
What is a Trial Balance? Check out this Trial Balance example and information
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