Category Archives: Bookkeeping

And consistently with its business plan of making capital gains, the finance sector has sought to untax such gains. Conversely, for SSI recipients, nearly all net `rental income` will directly reduce the monthly `benefit amount`. Furthermore, the rental property itself is usually counted as Record Keeping for Small Business an asset (`countable resources`), potentially impacting […]

Tools like Stampli allow creating a sequence of automated actions based on aging milestones. Software logs all communications history and pending next steps so collectors know what is owed. The process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement. Why it makes […]

Under GAAP, certain software costs can be capitalized, such as internally developed software costs. Based on the useful life assumption of the asset, the asset is then expensed over time until the asset is no longer useful to the company in terms of economic output. There are strict regulatory guidelines and best practices for capitalizing […]