Bookkeeping – Potluck

29 Dec

For simplicity, in all scenarios, you charge a subscription fee of $25 per month for clients to use your SaaS product. Since unearned r...

29 Dec

In certain instances, entities such as law firms may receive payments for a legal retainer in advance. In this case, the retainer would...

16 Nov

The answer lies in the learning of normal balances of accounts and the rules of debit and credit. Different accounts have their ow...

19 Oct

But I feel just fine today running a 3-hour beer tasting and gabbing with patrons about the product. Pick work activities that feed a l...

30 Sep

To arrive at this number, we have recalculated the average inventory cost after each addition and applied to each unbalanced balance sh...

29 Sep

We don’t need to recalculate the average cost until another batch of inventory is added to the mix, which would alter the cost. For exa...