How Zoho Books Works Help Getting Started

Content FreshBooks: Best invoice-specific alternative Zoho Books Full Product Tutorial Wait a minute! Did you check out the free demo account of Zoho Books? Best Competitors and Alternatives for 2023 Why Zoho Books is the preferred accounting software of businesses Navigating Zoho Books Is Zoho free? Zoho Books is an online accounting application that […]

Perpetual Inventory Purchase Discounts Video Tutorial & Practice

Content The Main Advantages of the Net Price Method Purchases under a Periodic System Journal Entry How to Calculate the Discount Received? Periodic inventory system A review of the company’s customers may also be necessary to determine which purchasers receive the discount. Offering the discount to select customers can improve the relationship between the company […]

TurboTax® Self-Employed 2022-2023 Tax Software

Content TurboTax Live Assisted Basic review Ready to try Assisted Premium? Who Should Use TurboTax? Your tax refund, your way Check out these helpful answers H&R Block do-it-yourself options Its popularity partly stems from its name recognition (having been around for nearly 40 years) but also from the company’s focus on design and offering users […]

Accounting 101 for Beginners: Basic Terminology & Definitions

This also facilitates the electronic preparation of the company’s financial statements. Despite advances in software technology, there will always be a need to record non-routine transactions in general journals, such as sales of assets, bad debt, partial payments, and depreciation. In this instance, one asset account (cash) is increased by $200, while another asset account […]

Warranty Costs SpringerLink

You also need to have determined what fails, how it fails, and what effect it has on the operation of your product when it fails. This process has many names, but one common name and approach is to conduct FMEA (Failure Mode and Effects Analysis) studies. This is part of the on-going process you need […]

After-Tax Cost of Debt Definition, Formula & Example

Normally, the loan rate is a little higher, and the savings rate is a little lower than the reference rate. Both the Fed rate and LIBOR are short-term inter-bank interest rates, but the Fed rate is the main tool that the Federal Reserve uses to influence the supply of money in the U.S. economy. LIBOR […]

Security Deposits: Definition, Accounting, Journal Entry, Example, Meaning

For example, you may be able to spread the deposit out over the first three months of your lease term. A security deposit is usually required to be paid before access to property or services is provided. So if you’re moving into a new apartment, for example, you may need to pay the security […]

The Law Firm Book Keepers

Content How to Choose the Right Law Firm Accounting Software Bookkeeping Vs. Accounting For Law Firms Benefits of using MyCase for your Law Firm Accounting Needs Three-way reconciliation Understanding where money is coming from (and where it’s going) The purpose of bookkeeping is to provide an accurate record of financial transactions so that informed decisions […]

Law Firm Bookkeeping, Accounting and RPC-Compliant IOLTA Trust Services

Content What is Law Firm Accounting Software? Why is bookkeeping important for law firms? It Helps You Grow Easily invoice clients Having too many accounts creates headaches later on, as it takes more time to review the books and increases your chances of making mistakes. For example, if you purchase office supplies for your business, […]