They represent a gap between future expenses and current resources. Typically, pension plans, social security benefits, healthcare plans, employee benefit plans, etc.,…
That normal balance is what determines whether to debit or credit an account in an accounting transaction. This classification is based on…
Such a list is generated by broker-dealers based on "reasonable assurance"9 that the securities on the list are readily available upon customer…
To compensate the stock owner, you’ll provide them a loan in exchange for the stocks you’ll borrow. Historically, the securities lending market…
With FreshBooks premium accounting software, these tasks become automated. You can create reports, keep track of your real estate accounting, and read…
Well, in accrual basis accounting, you record the expense when I receive the bill. The utility company has performed the work, you…
Being a franchisee means that you have to pay attention to more than just the day-to-day financial and operational decisions of running…
Once the invoice has been presented, the amount of the sale is now owed to you. This is money that you’re due…
Bench also includes visual reports, a mobile app, automated statement imports, customer support, a dedicated login for your CPA, and tax-ready financial…
Liabilities increase when credited, so Accounts Payable will also be credited for $500. Double-entry bookkeeping isn’t as complicated as it might sound.…