Category Archives: Bookkeeping
Purchase Allowance Journal Entry

Debiting sales returns and allowances will increase the number of returns you have. If a customer bought on credit, you consider the sale a part of accounts receivable. When new shipments of bikes arrive from his suppliers, Bill examines each one in detail because he knows they don’t always get his orders right. Sometimes they […]

How To Create A Budget

So we spend several months (maybe even a year’s worth) of the clothing budget in one trip. This sample budget is based on our current household budget. Everyone is at a different point in their financial journey; you may be well past us, What is a budget or you may be behind us. Your budget […]

Billable Hours Vs Non

What Tasks Are Non-billable? Young partners who are unable to generate significant business will find their prospects quite limited in their firms and will become part of a cycle of dependence on others for work. This means less independence, less employment security, lower income and more difficulty keeping their hours up. How Can I Tell […]

Walmart Dsv Api Integration

Each integration is tailored to your specific needs, so you should reach out to the Solution Provider directly to gather information on costs, features, and capabilities. The supplier ships products to a Walmart Fulfillment Center, Walmart houses the products and ships to the customers. This means sellers ship their products directly to a Walmart warehouse […]

Aging Of Accounts And Mailing Statements

Definition Of The Write-off Of A Bad Account The details for the control account—each credit sale for every customer—is found in the subsidiary ledger for Accounts Receivable. The total amount of all the details in the subsidiary ledger must be equal to the total amount reported in the control account. For a business that provides […]

Absorbed

Other Words From Absorption (C) Action spectrum for the photocurrent generation (orange dots) and absorption spectrum of N2 (green solid line) versus irradiated wavelength. AFM topographic images of (G) trilayer, (H) bilayer nanosheet N2 on Si substrates, with cross sections along the magenta lines. An absorption band is a range of wavelengths, frequencies or energies […]

Do I Report Sales Tax On A Cash Basis Or Accrual?

The difference between cash and accrual accounting lies in the timing of when sales and purchases are recorded in your accounts. Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it’s earned, and expenses bookkeeping when they’re billed (but not paid). Typically, revenue is recorded before any […]

Online Accounting Services

Online Accounting Services That goes without saying as The Smart Accountants specialise in outsourced bookkeeping and online accounting. We agree with you how to access your invoices and receipts and we then get them input into Xero to an agreed timetable so that you can have confidence that your cloud accounting records are up to […]