At a very small company without an accountant, the bookkeeper’s duties are likely to be extensive. At a minimum, the bookkeeper is responsible for processing the paperwork for a company’s transactions and Free Cash Receipt Templates getting the information quickly and accurately recorded in the company’s general ledger accounts. Today, this is done best through […]

Shareholder equity is the money attributable to the owners of a business or its shareholders. It is also known as net assets since it is equivalent to the total assets of a company minus its liabilities or the debt it owes to non-shareholders. You can quickly analyze your business’s financial health with a glance at […]

When the business delivers the good or service to the Customer, we eliminate the original Liability and record Revenue. The high level of Deferred Revenue arises because SAAS businesses typically offer What is the best startup accounting software? customers significant discounts in return for paying in advance for their services. Companies record Deferred Revenue when a customer pays in advance […]

For accounts receivables that are on the assets side, the normal balance is usually debit. But, for the accounts payable which are on the liabilities side, the normal balance is credit. In general, debits are used to increase asset and expense accounts, while credits are used to increase liability and equity accounts. To show how […]

By sharing what funds they collect and how they’re spent, donors can see how their gifts support the nonprofit’s programs and beneficiaries. The last thing to note is that gaining a comprehensive picture of a nonprofit’s financial health relies on more than the snapshot a balance sheet provides. Reading and understanding other financial documents, briefly […]