Categoria: Bookkeeping

Instead of a traditional transaction, an adjustment is notified to you via a debit memo. A debit memo or debit note is a notice that clients receive when debit memo meaning their account balance has decreased and needs to be rectified. Both a debit memo and a credit memo inform clients of a change in…

Insurance premiums are often paid before the period covered by the payment. Noncurrent assets are reported on the balance sheet at the price a company paid for them. It is adjusted for depreciation and amortization and is subject to being re-evaluated whenever the market price decreases compared to the book price. A current asset, or…

Some additional services you may have access to include inventory tracking, BillPay, CFO services, and tax services. When your business is still growing, bookkeeping isn’t such a cumbersome task. But as the business gets larger, it can start to become a very time-consuming job. When deciding whether to use online bookkeeping services, it’s best to…