Categoria: Bookkeeping

That means, you can start recent within the new 12 months, without any income or bills carrying over. Just as every motion has an equal and reverse response, every credit has an equal and opposite debit. Since we credited the cash account, we should debit the expense account. If you’re nervous about making errors or… continue reading

A subsidiary ledger is a group of comparable accounts whose mixed balances equal the stability of a particular account within the basic ledger. These ledgers provide detailed information about transactions involving particular person elements within a single common ledger account, providing an important granular view of financial data. Whereas they are both involved in recording… continue reading

He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. A maturing company may not have many options or high-return projects… continue reading