Catégorie : Bookkeeping

Now, if a customer called for billing query, they could also have that erratic dial tone fixed or have a new service request confirmed without having to call another number.…

Online bookkeeping services can also be more cost-effective than What is bookkeeping traditional bookkeeping methods. They eliminate the need for businesses to invest in expensive accounting software or hire in-house…

Avoid creating too many specific accounts initially; instead, add them as your business needs evolve. Finally, regularly review and adjust your COA to reflect any changes in your business operations…

Officers run the day-to-day business, while the directors oversee the managers. The board of directors is also responsible for certain types of decisions such as mergers and acquisitions, sales of…

Choose a base year for the Dollar Value LIFO method, as it’s the year to which you will compare all subsequent years. You will use the prices in this year…

Under IFRS, stock dividends are treated similarly to GAAP, with adjustments made to retained earnings and equity accounts. However, the specific requirements for disclosure and presentation may differ, necessitating careful…

This means that the historical cost principle must be used to maintain compliance in accounting in Canada. In addition to this, there are some benefits to using the cost principle,…

Good support can be the difference between a minor inconvenience and a major business disruption. Even the best systems can have hiccups, which is why stellar customer support is significant.…