Posts Tagged ‘Bookkeeping’
How to Make QuickBooks® More User-Friendly eBook – Available Now!
Just thought I’d post a quick message about my new eBook: How to Make QuickBooks® More User-Friendly, Simple changes to streamline your workflow in QuickBooks® Desktop. This eBook was derived from my video training course with the same title. It is approximately 50 pages with nearly 60 screen captures with step-by-step instructions. I cover the…
Read More
Examples of Expenses
Expenses are what a company has incurred or used up and are shown on a Profit and Loss Report. Expenses can include Rent, Payroll, Utilities, and Supplies.
Read More
Examples of Revenue
Revenue is what a company has earned and is shown on a Profit and Loss Report. Revenue can include Sales, Interest Income, and Rent Income.
Read More
Examples of Liabilities
Liabilities appear on a company’s Balance Sheet and are what the company owes. Liabilities can be Accounts Payable, Notes Payable, Payroll Payable, Rent Payable, Taxes Payable or any other payable.
Read More
Examples of Assets
Assets appear on a company’s Balance Sheet and are what the company owns. Assets can be Cash, Accounts Receivable, Equipment, Inventory, Land, Buildings, or even Intangible items.
Read More
What is an Expense?
Expenses are what a company has incurred or used up. Expenses are shown on a Profit and Loss Report also known as an Income Statement.
Read More
What is Revenue?
Revenue is what a company has earned. Sometimes this is referred to as Sales or Income. Revenue is shown on a Profit and Loss Report also known as an Income Statement.
Read More
January 2018 Update
It’s hard to believe that January is over! Like most accountants, I was extremely busy and there’s more work ahead. Since it’s tax season, I’ve been getting a lot of requests to help folks with getting their QuickBooks® files ready for taxes. This typically involves bank and credit card reconciliations, account analysis, and financial statement…
Read More
What is Owners’ Equity?
Owners’ Equity appears on a company’s Balance Sheet and is the amount owners have put into the company less what they’ve taken out, plus net income for the life of the company. Per the basic accounting formula, Owners’ Equity must equal Assets minus Liabilities.
Read More
What are Liabilities?
Liabilities appear on a company’s Balance Sheet and are what the company owes. Per the basic accounting formula, Liabilities have to equal Assets minus Owners’ Equity. The company is obligated to pay their liabilities.
Read More