Category: Bookkeeping

A clinic would include on line 2 all of its charges for medical services (whether to be paid directly by the patients or through Medicare, Medicaid, or other third-party reimbursement), laboratory fees, and related charges for services. Contributions received indirectly from the public through solicitation campaigns of federated fundraising agencies (United Way) are included on…

Bookkeeping is the practice of organizing, classifying and maintaining a business’s financial records. It involves recording transactions and storing financial documentation to manage the overall financial health of an organization. Most businesses use an electronic method for their bookkeeping, whether it’s a simple spreadsheet or more advanced, specialized software. Accounts receivable duties are tasks that…

This is why they might try shortening the operating cycle (i.e., just-in-time), which involves not accumulating inventory until they are ready to use it in production. To ensure the recognition and matching of revenues and expenses to the correct accounting period, account balances must be reviewed and adjusted prior to the preparation of financial statements.…

Hiring a full-time bookkeeper in this situation could be the right answer for you. Using our proprietary cost database, in-depth research, and collaboration with industry experts, we deliver accurate, up-to-date pricing and insights you can trust, every time. Even if you aren’t planning on growing any time soon, you need to have a sense of…

If a company generates a profit through this financing technique, its shareholders earn a greater return on their investments. If the company earns less from the acquired assets than the cost of the debt, its shareholders instead earn a reduced return. Many companies use trading on equity rather than acquiring more equity capital, in an…