Category: Bookkeeping

As you can see, no matter what the transaction is, the accounting equation will always balance because each transaction has a dual aspect. The accounting equation states that a company’s total assets are equal to the sum of its liabilities and its shareholders’ equity. The income and retained earnings of the accounting equation is also…

The income statement will explain part of the change in the owner’s or stockholders’ equity during the time interval between two balance sheets. Examples of assets include cash, accounts receivable, inventory, prepaid insurance, investments, land, buildings, equipment, and goodwill. From the accounting equation, we see that the amount of assets must equal the combined amount…

Keeping your resume concise and to the point will increase your chances of catching the attention of hiring managers and recruiters. Bank reconciliation is a crucial skill for a bookkeeper as it involves comparing a company’s financial records with the bank statements to ensure accuracy. This skill demonstrates the ability to identify and resolve discrepancies,…

Nonetheless, for Airbnb hosts seeking seamless property management integration, AppFolio is the way to go. While the core accounting features are free, certain services like bank transfer and credit card payments do incur a fee. And if you want to use the Payroll module, it comes with a monthly subscription fee. Nonetheless, for hosts just…