by admisi | Nov 19, 2020 | Bookkeeping
During September, the company received $120,000 from sales and invoiced debtors $40,000 the previous month, and received a check that has not yet been reflected in the bank account. You can do a bank reconciliation when you receive your statement at the end of the...
by admisi | Nov 19, 2020 | Bookkeeping
This form is filed annually to report the corporation’s income, deductions, and other financial details pertinent to the S corporation. In summary, IRS Form 1120-S is a crucial tax document for businesses that have elected to operate as an S Corporation, ensuring...
by admisi | Nov 19, 2020 | Bookkeeping
Do this at the end of the accounting period, which can be monthly, quarterly, or annually, depending on the company. Known as the “trial balance,” this provides insight into the financial health of your company and can help you identify any discrepancies in your...
by admisi | Nov 17, 2020 | Bookkeeping
Capital Budgeting is defined as the process by which a business determines which fixed asset purchases or project investments are acceptable and which are not. Using this approach, each proposed investment is given a quantitative analysis, allowing rational judgment...
