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Guide to Virtual Bookkeeping and Automation

Awareness is the key to a safe and responsible digital experience, for us and the entire community. Bookkeeping is a crucial function of accounting, and earning a bookkeeping certification is a great way to show employers your expertise. While a certificate is not a requirement to become a bookkeeper, some professionals pursue certification to show […]

What is a Ledger in Accounting? Is There a Difference with a Journal and a Ledger?

This double-entry method ensures the general ledger is always in balance. A general ledger records all the accounting transactions of a company and this transaction data is used to construct the balance sheet and income statement. The categories of accounts stay in place regardless of a company’s accounting method, but the balance sheet and income […]

Certified Public Accountant CPA: Definition, What CPAs Do

No matter what area of accounting you choose to pursue, a CPA career can be exciting and rewarding. The job offers opportunities for growth and the chance to work with clients from all walks of life. While the CPA Exam is the same for all candidates, other requirements may differ by jurisdiction. This section addresses […]

Asset Turnover: Formula, Calculation, and Interpretation

The Asset Turnover Ratio is a performance measure used to understand the efficiency of a company in using its assets to generate revenue. It measures how effectively a company is managing its assets to produce sales and is a key indicator of operational efficiency. A higher ratio suggests that the company is using its assets […]

5 Best Accounting Software Solutions for Trucking ..

When testing Wave, our favorite features included its invoice management features, payment reminders and payroll add-on. In our test of Plooto’s accounting software, we especially liked the automated invoice and billing tools. We also found the smart approval workflows, which streamlines the approval process for payments, to be especially valuable. Jason Ding is a seasoned […]

Prepaid Expenses Guide: Accounting, Examples, Entries & More Explained

Naturally, the leftover will still be counted as an asset on the balance sheet, with the understanding that the full amount will be used up by the end of the six-month term. In most cases, this is the correct entry to book, however, in certain transactions we are paying upfront for the right to use […]

Invoice Guide: Definition, Examples, What to include

Failing to include a description is one of the fastest ways to have a client question your invoice and potentially delay payment. Descriptions are especially important when you are billing larger amounts than usual. For instance, if a client is used to paying you $5000 per month and your next invoice will be $8,000, communicating […]

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