Bookkeeping 101

Your company’s balance sheet must adhere to its governing accounting equation of assets equal liabilities plus owner’s equity. The balance sheet reveals the assets your company owns, the debts and other liabilities it owes and its obligations to you …

There are various formats for creating a Horizontal Analysis but the most popular is to display the variance between Income Statements in dollar amounts and percentage. The difference in percentage is computed by taking the dollar difference in an In…

You can elect to post the entry or simply enter it as a past entry. Journal entries can be archived for resue in subsequent years….

Zuora will run a trial balance automatically when you close an accounting period to create a record of the closed period that will not change, and can be used for auditing purposes. However, you can also run a trial balance manually to be sure that t…

Our online accounting software is the same no matter where you access it from. You can use it on a laptop, smart phone, mobile device, and multiple operating systems. wave accounting software is totally free, stable, and accountant-approved….

You click on the gear icon in the upper right corner and select Account and Settings. Intuit QuickBooks Online then displays a series of sectional tabs on the left (Company, Billing & Subscription, Usage, Sales, Expenses, Payments, and Advanced)….

This is placed on the debit side of the Salaries Expense T-account. Let’s look at the journal entries for Printing Plus and post each of those entries to their respective T-accounts. Let’s look at one of the journal entries from Printing Plus and fil…

Compared to ADP, Intuit Online has received more negative reviews, especially regarding customer service. Smaller businesses looking for a more streamlined payroll solution may prefer the pricing and stripped-down nature of Gusto or Square. Across al…

To set up your reports this way, first create your business income/expense accounts normally in QuickBooks. Then add your personal income/expense accounts, but when it comes time to choose the account type, select “Other Income” for the income accoun…

In the past, we haven’t had many options for personal finances, but Intuit has made sure that this is not the case in the future. Intuit has made it so anyone can use this type of personal finance software quickly and without any worries. QuickBooks …