Debit and credit movements are used in accounting to show increases or decreases in our accounts. Therefore instead of saying there has been an increase or a decrease in an account, we say there has been a debit movement or a credit movement. You’ll notice the above diagram shows the […]
Bookkeeping
6 articles
This can be safely disregarded as an attempt to remind people not to hold a check for too long. The six-month rule applies regardless of what is printed on the check. Therefore, they always ask for verifications or check reissuance in cases where a stale check has been presented to […]
Inorganic growth is frequently considered to be a quicker and more convenient approach to increasing revenue, while organic growth can be time-consuming (and challenging) to achieve. Organic growth occurs from the internal efforts of management to improve its current operations, resulting in increased revenue generation and operating profitability. Everyone who […]
Content Where does accumulated depreciation go on the balance sheet? What Is Accumulated Depreciation? How to Calculate the Annualized Inventory Turn Rate Straight-Line Method The following are examples of some credits and deductions that reduce basis. Once you elect not to deduct a special depreciation allowance for a class of […]
Content Glossary of bookkeeping terms Create an Organizational System Creative Financial Staffing – CFS What is bookkeeping? America’s Leading Bookkeeper Association Bookkeeping involves recording and analyzing a nonprofit’s financial transactions to ensure compliance with state and federal accounting rules. Timely and accurate record-keeping is one of the most important responsibilities every […]
Content Lesson Activity – Cashflow-Cluedoh! Cut Expenses Accept Credit Cards Methods of solving cash flow problems Cash Flow Analysis Lack of profitability Cash flow problems? Here’s how to bounce back to cash flow positive Not enough cash buffer on hand