Bookkeeping

In a Set of Financial Statements, What Information Is Conveyed about Receivables?

Content What Is a Receivable? What are examples of receivables? Automate financial reporting with LiveFlow Money Management Tools For End Year Estimating Allowance for Uncollectible Accounts (Impairment) Example of Journal Entries for Notes Receivable Credit sales are used in this computation if known but the total sales figure often has to serve as a substitute because …

In a Set of Financial Statements, What Information Is Conveyed about Receivables? Read More »

Taxes in California for Small Business: The Basics

Content Final Franchise Tax Reports Credits & Deductions Quarterly Tax Deadlines for Businesses Self-Employment Tax How to file your small business taxes Choose your tax year If you don’t collect the sales tax, you’re still potentially on the hook for paying it. Specifics vary depending on the form of business you choose, but income tax …

Taxes in California for Small Business: The Basics Read More »

Drawing Account: What It Is and How It Works

This is one of the most common methods to identify transactions related to the expenses or revenue. The balance sheet is also known as a statement of financial position, and it is an essential document for assessing and demonstrating your business’s economic position. A typical balance sheet records your business’s assets and liabilities as well …

Drawing Account: What It Is and How It Works Read More »

Shopping Cart