by jvanepps | Feb 22, 2024 | Bookkeeping
After you provide the products or services, you will adjust the journal entry once you recognize the money. At this point, you will debit unearned revenue and credit revenue. Unearned revenue refers to revenue your company or business received for products or services...
by jvanepps | Nov 13, 2023 | Bookkeeping
Undeposited funds in QuickBooks Online can cause confusion and inaccuracies in your financial records if not properly managed. In this comprehensive guide, we’ll walk you through the process of cleaning up undeposited funds in QuickBooks Online, as well as how to...
by jvanepps | Mar 30, 2022 | Bookkeeping
In the same way donors can give cash to a nonprofit, they can also give stock, ETFs, and other securities. The donated income statement stock is then liquified or repurchased, typically by a broker, and your organization receives funds equal to the value of each share...
by jvanepps | Mar 28, 2022 | Bookkeeping
Therefore, nonprofits put more focus on the accountability of the accounting cycle process. Nonprofit organizations follow a certain set of guidelines and procedures that keep them accountable to contributors and donors who want their money to go to certain projects...
by jvanepps | Dec 13, 2021 | Bookkeeping
Sales people, consultants, or client-facing employees may incur personal expenses for meals, mileage, software subscriptions, and many other elements critical to executing their job. Submitting detailed and substantiated http://slavunya.kiev.ua/articles.phps is...
by jvanepps | Nov 30, 2021 | Bookkeeping
For example, unused vacation might carry over from one year to the next, but then expire at the end of February. This gives employees a chance to make use of their earned PTO, but limits the financial liability that the company carries. However, rollovers with...
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