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What is Billable Expense Income?

What is Billable Expense Income? If you are running your own business, you must be deeply familiar with invoices and bills. After all, no business can survive without sending, receiving, and...
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Expanded Accounting Equation Principle Explained

The basic accounting equation formula is: total Assets =  Liabilities + Equity. It is used in Double...
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What Is the Accounting Balance Sheet?

A balance sheet, or an accounting balance sheet, is one of the key types of financial statements use...
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How To Get The Most Out Of Your Accounting Inventory System

Smart accounting isn’t just about keeping the books and tracking the funds that are coming in or goi...
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Inventory Accounting As You Don't Know It

When you account for inventory, flexibility is the key. You need customization in inventory accounti...
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What Are the Five Types of Financial Statements And How to Understand Them

Financial statements are the documents compiled by United States business entities to outline each e...
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What Is Chart of Accounts And How Does It Work?

The chart of accounts is a numbered list of all accounts used to record and summarize business trans...
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How Much Should You Spend On Accounting Software?

There are accounting services available for every budget, from free to thousands of dollars a month....
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11 Ways to Revamp Your Accounting System For 2021

The design of your systems determines whether your software works with you or stands in your way. Po...
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The 5 Most Common Ways To Adjust Accounting Entries

At the end of any accounting period, it’s crucial to make adjusting entries to your accounting journ...
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What are Debits and Credits in Accounting

Introduction Accountants use debits and credits to record each business transaction and generate fin...
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Innovation with Cloud-Based Accounting Software

What is accounting? Believe it or not, the answer—and the perception of what accounting can be withi...
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Learn The Difference Between Sales Order And Purchase Order. Why Do You Need Both?

Professionally managed companies use accounting systems with sales orders and purchase orders. But w...
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Fundamentals of Financial Accounting For Small Business Owners

For start-ups, SMEs, and businesses with multiple locations, accounting can be a nightmare, but nobo...
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