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Bookkeeping

Posted by C. Echegaray M. Barrionuevo, G. Ariza in Bookkeeping

When Should The Petty Cash Fund Be Reimbursed?

On top of that, they may also specify the areas or accounts that the petty cash can cover. When accounting for petty cash, companies must consider various factors. Essentially, it includes any insignificant amount of money held in the office for small expenses. However, they…

Posted by C. Echegaray M. Barrionuevo, G. Ariza in Bookkeeping

Notes Payable Accounting

Each installment includes repayment of part of the principal and an amount due for interest. The principal is repaid annually over the life of the loan rather than all on the maturity date. When dealing with short-term notes payable, it’s essential to understand how interest…

Posted by C. Echegaray M. Barrionuevo, G. Ariza in Bookkeeping

What Is the Difference Between Cash and Accrual Accounting?

Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well…

Posted by C. Echegaray M. Barrionuevo, G. Ariza in Bookkeeping

What is benchmarking?

For example, comparing financial performance with benchmarks set during a boom or recession may not represent a true picture of your performance. In this guide, we explain what financial benchmarking is and how to establish financial benchmarks. This seems to be a high-growth company, with…

Posted by C. Echegaray M. Barrionuevo, G. Ariza in Bookkeeping

The top 16 rental property accounting software of 2022

FreshBooks offers plans from $19 to $60 per month (70 percent off for the first three months during the current promotion) as well as a custom pricing option. Its Lite plan allows you to send unlimited invoices to five clients, track unlimited expenses and sales…