Content Accruals: Accrued Income What are accruals in accounting? Depreciation expenses Deferred Expense Get fresh finance insights, monthly In contrast to accruals, deferrals are cash prepayments that are made prior to the actual consumption or sale of goods and services. Accrued revenue—an asset on the balance sheet—is revenue that has been earned but for which no […]
Category Archives: Bookkeeping
Content Nonprofit Chart of Accounts for Organizations Activities of Not for Profit Organizations CPE Webinar: Chart Of Accounts Structures For Nonprofits… Resources for Your Growing Business Resources created by teachers for teachers Nonprofit Accounting: A Guide to Basics and Best Practices Multi-year term loans, mortgage loans, and capitalized long-term leases are all included. A loan […]
Content The Specific Features You Need You’re our first priority.Every time. Cloud Books Best Free Accounting Software for 2023 Organize your Bookkeeping Welcome to GnuCash.org It replaces the time-consuming method of collecting receipts in a drawer and manually tracking revenue and expenses in a spreadsheet or with pen and paper. The right small business accounting […]
Content How a LIFO Liquidation Works The time value of money Examples of LIFO in the following topics: Inventory Obsolescence Income Statement Classification Detail on Using LIFO Understanding LIFO Liquidation Amounts on the Explain Lifo Reserve And Lifo Liquidation sheet are still outdated but those on the income statement are still current. For analytical purposes, […]