Category Archives: Bookkeeping

You can even use the accountant’s edition, a no-cost software for people in the US. There is an array of tests and projects in this course that replicate real-life challenges, wherein you will learn to practice all that you have learned. If you search online, you will be flooded with QuickBooks training courses. Of them, finding…

The subsidiary ledger is a listing of personal accounts, one for each customer. In this example, the business uses a cash control account in the general ledger, and the cash book does not form part of the double entry system, and is simply a listing of the cash payments. A company can have hundreds or…

Similarly, government regulations and taxes can also impact the allocation of resources by affecting the incentives for businesses and individuals to allocate their resources in a particular way. This is especially true when there is no apparent source of the costs, as it requires the use of various techniques and methods to distribute the expenses…

It helps accountants verify that all recorded transactions are correct and balanced. Additionally, some individuals may not fully appreciate how equity functions within the equation. They often perceive equity solely as ownership value, without considering its dynamic nature influenced by profit margins and retained earnings. This misconception may hinder one’s ability to analyze long-term financial…