Categoría: Bookkeeping

These plug-and-play resources—available with paid memberships—can be a game-changer for both seasoned accountants and those new to the field, ensuring accuracy and compliance with every financial statement you draft. And let’s not forget the all-important Allowance for Doubtful Accounts, acting as a financial crystal ball that estimates the portion of accounts receivable that might just…

The main purpose of these closing entries is to bring the temporary journal account balances to zero for the next accounting period, which keeps the accounts reconciled. As you will learn in Corporation Accounting, there are three components to the declaration and payment of dividends. A closing entry is a journal entry that is made…

Throughout the record to report process, the focus must be on improvement and compliance. Organizations need to evaluate financial strategies and implement internal controls. These measures ensure adherence to accounting standards and regulatory requirements. The finance and accounting teams spend a substantial amount of time and effort gathering data on all business transactions and creating…

I knew that all it would take was one single moment of weakness, one split second, for me to call one of them up if I found myself craving a drink or drug. The idea that it would all be so readily available to me was too scary to fathom, so I knew that going…

We seek a true partnership with treatment centers and sober living as well as recipients. Go here to begin the process to secure a scholarship to a sober living community. Our scholarships give individuals the chance to invest in their long-term recovery through the sober living programs we partner with. Recipients are expected to pay back…

A nonprofit can own a for-profit entity regardless of whether or not it is a corporation or limited liability company, but there are rules pertaining to any money invested by the nonprofit during the start-up process. Nonprofit organizations have no shareholders and pay no dividends – all earnings are «reinvested» in the organization in furtherance…