Bookkeeping

News and stories from the team at TripTip

Expense: Definition, Types, and How Expenses Are Recorded

For example, if a real estate broker is paid $8,000 as part of a transaction to purchase land for $100,000, the land would be recorded at a cost of [...]

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QuickBooks Online Tutorial: A Beginner’s Guide

The “History by account” button is visible on the upper righthand corner here. What Are Some Alternatives to QuickBooks Online? Becoming comfortable with these common QuickBooks Online features will [...]

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Forex Compound Calculator Free Tool

As you can see, the two key variables in compounding are the time and rate of return. The other variable, the initial capital, is important but doesn’t have as [...]

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What Is a Pay Stub? Definition and Key Requirements

A pay stub is a tool one can use to understand how much money you have coming in and where your money is going. Understanding and reviewing the elements [...]

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Small Business Accounting Tips That Will Save You Time, Cash and Tax

Stand firm and insist you receive payment for past orders before letting them have more materials or services. The receivables department is crucial in keeping your company afloat. It [...]

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What is a 3 Way Match & Why Should You Use It?

Content Drawback #2: You’re exposed to human error Disadvantages of Three-Way Matching for Businesses What is the 3-Way Match Process in Accounts Payable? How can three-way matching benefit your [...]

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11 QuickBooks tips for producing stellar reports

I encourage CPAs to assist their companies and clients that use QuickBooks to implement some of the aforementioned reporting tips in their reporting functions and better manage their businesses. To [...]

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What is LIFO? How the Last In First Out Method Works + Example

Let’s calculate the value of ending inventory using the data from the first example using the periodic LIFO technique. Out of the 18 units available at the end of [...]

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Outsource Accounting and Bookkeeping Services Provider

Content Compare Providers Business Owners Package List of English-speaking tax advisors The average price of Bookkeepers is These services can help you claim the correct small-business tax credits and [...]

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Expense Accounts: List and Explanation

An expense is a cost that has expired or been taken up by activities that help generate revenue. To find your company’s operating expenses, review your general ledger, and [...]

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