For example, a person may drink alcohol when they feel stressed but otherwise feel no compulsion to drink. But because the body has adapted to its presence, a person may experience negative effects if they lower the dosage or stop taking it altogether. Physical dependence is when the body adapts to a substance’s presence. It […]
Category Archives: Bookkeeping
Your cash flow might be positive, meaning that your business has more money coming in than going out. Or, your company could be in negative cash flow territory, which indicates that you’re spending more money than what you’re bringing in. Accrue an expense for any wages earned but not yet paid as of the end […]
Once the excess inventory reserve has been calculated, it is recorded as a contra-asset account on the balance sheet. The reserve is then used to offset any losses that may be incurred due to the disposal or write-off of excess inventory. The business will then continue to monitor its inventory levels and adjust the reserve […]
Content Steps to Creating a Budget for Your Startup Business Creating a budget What does a business budget consist of? What Makes a Good Budget? Everyday money matters Calculate your gross profit. To be realistic in your budgeting, you must assume that not all sales will be collected. Depending on the type of business you […]
The PI delegates responsibilities to the study team and may not provide adequate time to review the source data due to lack of time or commitment. The study documentation is completely left on the shoulders of study coordinator’s. An original report, such as a bill or a cancelled cheque that contains vital facts that will […]
With so many big automakers switching to the Tesla standard, CCS’s days might be numbered in the United States. Of course, cars built for CCS plugs will stay on the road for years, which means that charging stations will need adapters or offer both kinds of plugs for the foreseeable future. The established manufacturers will […]
Content Key Hard Skills for Bookkeepers Can you make a career out of bookkeeping? Core duties Deal With Foreign Currency Transactions All entries must be correct and complete before they can be sent up the management chain for approval or further processing into reports or other documents used by decision-makers in an organization. Suppose you […]
Contents: It’s easier to form a negative opinion of people when you’re at a distance and view them in the abstract Some People Suck (Paperback) Related Content Top Posts & Pages The problems don’t end here, unfortunately. Even if you do have the skill and can use your logic to understand the chaotic nature of […]
When you sell something to a customer who pays in cash, debit your Cash account and credit your Revenue account. This reflects the increase 2021 u s small business tax checklist in cash and business revenue. When goods are involved in a sale, other entries in accounts must be made in addition to those listed […]
To stay on top of these financial records, it’s important that a bookkeeper asks questions, and gets to the bottom of any discrepancies as fast as possible. Your input on business decisions as a bookkeeping professional is important to your employer or your clients. Speaking up and giving your take on a situation provides valuable […]