Category: Bookkeeping

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To learn more about your overtime pay requirements, read our exempt vs. nonexempt employee guide. Imagine that you have just taken up part-time employment and your employer ...

After a few years, the property increased its value tremendously and Margaret wanted to take advantage of it. A lease is an agreement to rent a property ...

Since cash payments are made under a variety of headings, the cash payment journal includes several money columns. The cash payment journal is a specialized journal that ...

For example, Creative Printers recently learned that cookbooks were not profitable. On the other hand, printing instruction manuals was quite profitable, so the company has focused more ...

In the world of finance, understanding key performance indicators is vital to assess a company’s health and profitability. One such metric, gross profit, plays a pivotal role ...

Recall that the general ledger is a record of each account and its balance. Reviewing journal entries individually can be tedious and time consuming. The general ledger ...

Earnings per share (EPS) is of two types – (i) basic earnings per share (BEPS) and (ii) dilutive earnings per share (DEPS). Which type of EPS a ...

We proudly serve thousands of churches, campaigns, schools, and other nonprofits.Select your industry for information on features, pricing, and how we can serve you. The statement presents ...

While both liabilities and expenses represent money that a business or individual owes, they differ in terms of timing and how they’re recorded in financial statements. An ...