It’s a critical part of any business, and many small business owners struggle to keep up with it on their own. This flexible and remote setup allows virtual bookkeeping businesses to serve clients from different geographical locations. Furthermore, they offer […]
In this case, the company could extend the payment period and require interest. The examples provided account for collection of the note in full on the maturity date, which is considered an honored note. But what if the customer does […]
Our consultation fee is $250 for 40 minutes with a Partner or an experienced Tax Manager. If we decide to press forward with a Business Advisory or Tax Patrol Services engagement, we will credit the consultation fee towards those services. […]
Occasionally, an account does not have a normal balance. For example, a company’s checking account (an asset) has a credit balance if the account is overdrawn. If you set up the t-accounts for the journal entries, start by posting the […]
