Bookkeeping

By reporting the $10,000 credit balance in Allowance for Doubtful Accounts, Gem is also adhering to the accounting principle of conservatism. Whether you work as an accountant, small business owner, or in the financial services industry, understanding bookkeeping bad debt calculation methods can help secure your finances. Record the journal entry by debiting bad debt […]

If you expect to be in a higher tax bracket this year or next, you’ll want to take as many deductions as possible in the year you are subject to the highest tax rate. If you’re putting the rental income on form 8825 (the partnership equivalent of Schedule E), then it is considered just rental income and

Brex’s spend management software combines expense management, startup banking, and business credit cards with powerful accounting tools. Designed to make accounting easy for startups through enterprises, Brex’s accounting features integrate with numerous other financial products, providing a comprehensive accounting software for startups. However, even in the early stages, having a firm grasp on startup finance