by dandor | Apr 19, 2023 | Bookkeeping
Self-paced lessons help grow your knowledge and skills to advise your clients. If you’ve never used QuickBooks, TurboTax, or another Intuit product Use the apps you know and love to keep your business running smoothly. Paperwork can be intimidating, but it...
by dandor | Apr 18, 2023 | Bookkeeping
Therefore, the amount column represents a credit to accounts payable and a debit to purchases at the full invoice price. Nor will the balance of your account with the furniture supplier show in the purchases journal. In this instance, because the order was for...
by dandor | Apr 17, 2023 | Bookkeeping
The information recorded in the purchases journal is used to make postings to the accounts payable ledger and to relevant accounts in the general ledger. The purchase journal is a book of prime entry and the entries in the journal are not part of the double entry...
by dandor | Feb 21, 2023 | Bookkeeping
Custom Portfolios are not available as a stand alone account and clients must have an Acorns Invest account. Clients wanting more control over order placement and execution may need to consider alternative investment platforms before adding a Custom portfolio account....
by dandor | Feb 20, 2023 | Bookkeeping
This is due to earning interest on interest or, in other words, compound interest. The faster you earn interest, the more your investment will grow, or in the case of debt, the more money you will have to repay. Unlike simple interest, which is calculated only on the...
by dandor | Sep 23, 2022 | Bookkeeping
Let’s say two clients of your business both spent equal amounts and were sent an invoice individually for their purchases. You need to be able to apply client A’s payment to his invoice, and client B’s payment to his invoice. If you apply client B’s payment to client...
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