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Category Archives: Bookkeeping
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And since you paid her, you no longer owe her net wages, so you also decrease your payroll payable liability account by $1,545.13.…
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To get you on the same page with creating your P&L statements the right way, let’s take a quick look at 2 universal…
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Inventory refers to the goods and materials in a company’s possession that are ready to be sold. It is one of the most…
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Shifting from these economically damaging taxes can thus be a part of states’ plans for improving their tax codes in an increasingly competitive…
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Odoo Accounting is an open-source, highly scalable accounting software for business owners who have some coding experience, but anyone can quickly get started…
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In some industries, it is common for a seller to insist on a note rather than an open account for certain types of…
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This means entities using IFRS for SMEs don’t have to adjust their accounting systems and reporting to new standards as frequently. This value…
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