von viktoriaadmin | Aug 16, 2021 | Bookkeeping
Under the consistency concept, once a business chooses to use a specific accounting method, it should continue using it on a go-forward basis. By doing so, financial statements prepared in multiple periods can be reliably compared. This is an essential requirement for...
von viktoriaadmin | Mai 11, 2021 | Bookkeeping
You can contact technical support through a chatbot or a contact form. If you’re a paid user, you have access to a TurboTax specialist. Its most outstanding support option is TurboTax Live, which gives you access to a one-on-one review with a tax expert prior to...
von viktoriaadmin | Apr 15, 2021 | Bookkeeping
Once the entries are assigned to the correct accounts, you can post them to the general ledger to get a bird’s-eye view of your current cash status. Most accounting software does this for you, so you don’t need to worry about an extra step. Though often confused for...
von viktoriaadmin | Mrz 19, 2021 | Bookkeeping
A chart of accounts has accounts from the balance sheet and income statement and feeds into both of these accounts. As your business grows, so will your need for accurate, fast, and legible reporting. Your chart of accounts helps you understand the past and look...
von viktoriaadmin | Dez 8, 2020 | Bookkeeping
The money your business earns and spends is organized into subsidiary ledgers (also called sub-ledgers, or general ledger accounts). Sub-ledgers are like notebooks you use to write down business transactions as they happen. Then, you summarize that information in a...
von viktoriaadmin | Aug 5, 2020 | Bookkeeping
Small businesses with fewer Stock Keeping Units (SKUs) use a regular system when they don’t want to grow their business over time. Depending on the product and needs, periodic systems can also be combined with permanent systems. Because you’ll constantly...
