Talk to your insurance agent to check the home’s flood zone, wildfire, or earthquake risks. Your insurance agent can determine if the home is insurable if you’ll have to go to a state insurer, and how high the premiums may be. Home insurance is “very street specific,” said Paul Gallagher, senior vice president at insurance …
Where the document originated from is the deciding factor in what constitutes an external financial statement and what is an internal financial statement. Furthermore, an invoice sent by mail also counts as an external document, even if it is printed independently. Below is an example of how a sales receipt should look. How to fill …
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Essentially, our role is to provide you with peace of mind regarding your financial well-being and make sure you know where you stand at all times. From cash on hand and earnings reports to tax filings, we are here to handle all your small business bookkeeping needs. Mr. Roney joined ProLedge Inc. in 2009 and …
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In the double-entry bookkeeping method, financial transactions are initially recorded in the journal. It’s also known as the primary statement of comprehensive income book of accounting or the book of original entry. The journal must include detailed descriptions for every transaction. Financial Statements Most businesses use accounting software that posts all financial transactions directly to …
Accounting ledgers: A beginners guide to ledgers Read More »
Accrued expenses refer to the recognition of expenses that have been incurred, but not yet recorded in the company’s financial statements. For example, if a company incurs expenses in December for a service that will be received in January, the expenses would be recorded as an accrual in December, when they were incurred. Most small …
How Do You Record Adjustments for Accrued Revenue? Read More »
