Processing Credit Card Transactions The Right Way Set Up The Account in Chart of Accounts It’s important to process credit card transactions correctly so your books are in good order and you have the details essential to sound business decisions…
Your Cash and Your Bank Statements. In bookkeeping, Cash is an “asset” and assets are always a debit on the books while the money you spend credits cash and debits the expense. Many people unfamiliar with bookkeeping and financial jargon…
Bookkeeping Is Bookkeeping is the ensuring of the correct flow of transactional information into a specific format designed to give a good overview of financial activity regarding things owned, debts due, revenue and expenses. In order to obtain all this…
Basic Bookkeeping Knowledge Basic bookkeeping knowledge is the background of every bookkeeping task. One must understand the basics of what you seek to learn before reliable results can be obtained. There are many accounting systems out there, but systems are…
My Mission Is To Help You Achieve Your Goals I am building this Bookkeeping Blog because I am all about helping people achieve their dreams and building financial independence. I believe we can learn anything we decide to dedicate ourselves…