Bookkeeping

Accounting for Startups: A Beginner’s Guide

A complete accounting structure is crucial for startups since they need to maintain correct records of all their financial activities for tax and r...

Best Accounting Software For Startups: Our Favorites

Although many CFOs have trained and worked as accountants, your accountant takes care of generating your business’s financial numbers to enable you...

Income, Asset, Market Why Different Valuation Approaches Matter Accountants and Advisors

For instance, investors may look at equities in a balance sheet and ask for an income sheet to track profits and losses during a specific period. O...

How to write off a bad debt

The journal entry for bad debt expense is a crucial accounting process that ensures accurate financial reporting and a strong financial position fo...

Straight Line Depreciation Formula, Definition and Examples

You reduce the adjusted basis ($1,000) by the depreciation claimed in the first year ($200). Depreciation for the second year under the 200% DB met...

Allowance for Doubtful Accounts Definition + Examples

Though this allowance for doubtful accounts is presented on the balance sheet with other assets, it is a contra asset that reduces the balance of t...

Dental CPA Tax and Bookkeeping Services for Dentists and Dental Practices

Moreover, an expert advisory board of experienced professionals and educators reviews and verifies Forbes Advisor Education content to ensure accur...

Accrual vs Deferral: Key Differences, Definitions

The accounting system has the built-in capability to handle these items with little human intervention, creating appropriate journal entries, and ...

How a General Ledger Works With Double-Entry Accounting Along With Examples

Journal entries are the records accountants use to document transactions and update their account balances. Most accounting software programs are p...