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Bookkeeping

27Sep

How to Become a Freelance Accountant Salary & Requirements

You’ll pay highly competitive prices for access to fundamental invoicing tools and bank reconciliation features. Step up to Sage Accounting’s higher-priced tier, and you add expensing, quoting, estimating and cash flow management to the picture. Plus, for your first six months, this tier’s monthly price is actually less expensive than the lower-priced tier — $7.50 as compared to $10. That’s because this feature-rich accounting platform comes with a free monthly subscription for users with annual business revenue of at...

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19Abr

What is retained earnings?

Where retained earnings prove vital is that business owners can choose to plough it back into the business, or to pay-off balance sheet debts. Retained earnings are the profit that a business generates – but only after costs have been accounted for, such as salaries or production, and once any dividends have been paid out to owners or shareholders. Stock dividends, on the other hand, are the dividends that are paid out as additional shares as fractions per...

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07Mar

What Is Gross Profit, How to Calculate It, Gross vs Net Profit

However, each one represents profit at different phases of the production and earnings process. To figure out AGI, start with your gross income, or all the money you've accrued during the course of the calendar year, and subtract all qualified adjustments. The IRS allows for specific deductions to be taken from your total gross income. Our team of reviewers are established professionals with decades of experience in areas of personal finance and hold many advanced degrees and certifications. However, analysts...

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15Feb

Real Estate Tax and Accounting

As more real estate professionals operate in a mobile format, these costs may be minimal. A strong accounting foundation is relevant whether you sell small properties as a hobby or facilitate property management services and generate millions of dollars. Although the scale of each one is different, the underlying habits are similar. Business and personal income and expenses should not be commingled with one another. That’s why most real estate investors open a business checking account for deposits and expenses,...

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16Sep

What is accounts payable? Clear definition and examples

Accounts payable are found on a firm's balance sheet, and since they represent funds owed to others they are booked as a current liability. Accounts payable is also called as bills payable and the total amount that a company is liable to pay is shown as liability under the head ‘sundry creditor’ in the balance sheet. This is what the initial purchase of inventory would look like in the journal entry. We excluded the terms in the description portion...

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07Abr

Can you help me to understand credit memo and debit memo in the bank reconciliation?

There is another type of credit memorandum that effectively does the same thing. A bank sends a credit memo after it increases an individual’s checking account in regard to a specific transaction. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $223.1 billion in assets as of June 30, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small...

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21Ene

Hospitality Accounting Hotel Accounting Automation Software

Knowing about these common pitfalls is the first step in the right direction. Recently, HFTP made the monumental decision to acquire the copyright to the well-respected Uniform System of Accounts for the Lodging Industry (USALI). The association’s existence is due in large part to the establishment of the USALI, when the Hotel Accountants Association of New York met in 1925 to write and publish the book. From that point, the New York group and other state-centered hotel accounting groups...

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19Jul

What are Blue-Chip Stocks? Investing in Blue Chips

Blue-chip stocks are high quality stocks of giant companies that can boast an immaculate reputation they have been earning for years. The main distinctive features of such business entities are financial stability, a well-designed infrastructure, steady earnings reports, and a solid history of sustained growth. Just as blue chips in poker hold the highest value, so do blue-chip stocks in the stock market. They represent the crème de la crème of equities — the biggest, richest companies. The company has...

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