It has become unpopular in the current bookkeeping system because bookkeepers prefer to calculate the fair market value of assets and liabilities. In accrual accounting, revenue is recorded at the time of...

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The concept is used in the derivation of the month-end bank reconciliation. This is why your (or company) bank accounts need to be reconciled with the bank statement. There is a discrepancy...

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Double-entry bookkeeping requires that all accounting transactions have equal debits and credits. Accountants may use different types of trial balances for specific accounting tasks at different times. A trial balance is a...

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There are online/remote accounting firms, but based on their low reviews, we can’t recommend any of them in good conscience. We give you a team of bookkeepers, and simple software to track...

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