A general ledger or accounting ledger is a record or document that contains account summaries for accounts used by a company. In other words, a ledger is a record that details all business accounts and account activity during a period. You can think of an account as a notebook filled with business transactions from a specific account, so the…
When a company borrows money, it receives cash, which appears on its balance sheet as an asset. But this, of course, also incurs debt, which goes into the balance sheet as a liability. As the company spends the borrowed money, http://poiskfan.ru/obnovlenie-xp-orx-versija-0-1-1/ it reduces its assets and lowers its shareholders’ equity unless the business repays its…
There are actually multiple different types of accounting, each of which is better suited to different purposes. Nick Charveron is a licensed tax practitioner, Co-Founder & Partner of Community Tax, LLC. His Enrolled Agent designation is the highest tax credential offered by the U.S Department of Treasury, providing unrestricted practice rights before the IRS. Typically,…
Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering what is a voucher entry in accounting small business marketing content. She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University. We understand the…