Category: Bookkeeping

Personal saving equals $100 billion (point E′)—the vertical distance between the 45-degree line and the consumption function. At an income of $500 billion, consumption totals…

Incorrect classification of an expense does not affect the accounting equation. Understanding how the accounting equation works is one of the most important accounting skills for…

In this form, it is easier to business accounting systems highlight the relationship between shareholder’s equity and debt (liabilities). As you can see, shareholder’s equity…

Xero accounting software is a cloud-based system that helps small businesses manage their finances. This means it can be accessed more detailed update from any…

Make sure you enter all transactions for the bank statement period you plan to reconcile. If there are transactions that haven’t cleared your bank yet…

In a nutshell, a bookkeeper records your financial transactions and collects information to create general financial reports. Business owners can then use those financial reports…

You can try this amazing software risk-free for 30 days to see if it is the perfect fit for your wholesale distribution company. Helpful articles…