How to Do a Bank Reconciliation: Step-By-Step Process
Another important reason to perform a bank reconciliation is to improve internal control over your company’s cash. Ideally, the reconciliation will be done by someone other than the person handling and recording receipts and payments. In the event that something doesn’t match, you should follow a couple of different steps. First, there are some obvious […]
Capital Expenditures Capex Formula + Calculator
Content Types of Capital Expenditures How to Calculate Capital Expenditures Understanding Capital Expenditures (CapEx) How to Calculate CapEx – Formula If the benefit is greater than one year, it must be capitalized as an asset on the balance sheet. If the benefit is less than 1 year, it must be expensed directly on the income […]
Journalizing Petty Cash Transactions Financial Accounting
Content Petty Cash: Accounting & Beyond Opening entries How does a company process petty cash reimbursements? Interest receivable journal entry An Example of Over and Short Establishing a petty cash fund For example, employees cannot use petty cash to buy themselves coffee. An employee using petty cash should provide a receipt for the purchase to […]
CMA Certification Requirements: What It Takes to Get Started
Content Certified Management Accountants (CMA) are trusted Step 4: Get a Passing Score on the CMA Exam Professional certifications like the CMA can: Professional Certifications-Boost your earnings potential- CMA Real-World Example of a Certified Management Accountant (CMA) A student completing the Graduate Conversion programme is eligible to join as a Graduate Management Accountant (GMA). The […]
Bookkeeping Services in San Diego
Content JVW Tax & Accounting Services SERVICES Gill Tax Group I Am Bookkeeper Service Area Showing: 866 results for Bookkeeping Services near San Diego, CA San Diego Tax Professionals I would highly recommend him and plan on using his services in the future. Engagements often start small and grow with time. We may start with […]
The Best Accounting Blogs and Podcasts to Stay in the Know
Insightful Accountant is an extensive online resource for accountants and bookkeepers. It offers an array of educational events and training courses designed to help accounting professionals succeed in business while providing timely insights into industry trends and developments. Firstly, blogs help beginner-level bookkeepers and small business owners learn about the basics of bookkeeping. It’s a […]
Empire State child credit
Content Child tax credit 2023 (taxes filed in Child and Dependent Care Tax Credit (CDCTC) Tracking the 2021 Biden Tax Plan and Federal Tax Proposals The Child Tax Credit 2023 Limitations When is the deadline to sign up for Child Tax Credit payments? If you’ve filed tax returns for 2019 or 2020, or if you signed […]