Bookkeeping

The definition of fixed assets states any asset that the firm purchases for more than one accounting period or administrative purposes or rental to others. Still, however, it is mentioned that this equipment will be used for the administrative team, and hence the purpose will be for administrative purposes. Furthermore, this equipment will be used […]

The The Key Benefits of Accounting Services for Nonprofit Organizations better relationships you build early on, the easier things will be in coming years. Consider who’s available to give you the most useful insight—is there an experienced head of finance supporting you, or a treasurer? Checking in with multiple departments will help you better understand

Therefore, we will highlight all the basics you need to know about the above, and more, through easy-to-understand examples—read on to find out more. Transactions are recorded in ledger in classified form under respective heads of accounts. The journal acts as a place to just note down the transactions so that they can be categorized