Category: Bookkeeping

Deposit payments into the Undeposited Funds account in QuickBooks Desktop

The software provides an automatic sync of your clients’ transactions with QuickBooks Online or Desktop version reducing manual bookkeeping and accounting processes and making your reconciliation process impeccable . This real-time monitoring of transactions enables timely decision-making and a more comprehensive view of the company’s financial position, contributing to improved financial management. Undeposited funds are

CSV, JSON, or XML: How to Choose Data Formats for Analysis

It could make the difference between an ok app or a great app. CSV, JSON, and XML are three of the most common formats for storing and transferring data. Each of these formats has its own unique properties that make them well suited for different types of use cases. Microsoft Excel is the most widely

Depreciation in Accounting Meaning, Types & Examples

For information pertaining to the registration status of 11 Financial, please contact the state securities regulators for those states in which 11 Financial maintains a registration filing. It is in this sense that depreciation is considered a normal business expense and, consequently, treated in the books of account in more or less the same way

What is Cash Sale? Example Journal Entries

In conclusion, cash sales are an important aspect of accounting, as they provide businesses with an immediate source of income and can be tracked for accuracy. Cash sales refer to the immediate exchange of goods or services for cash. Overall, cash sales can provide numerous advantages for businesses. By eliminating the risk of bad debt,

Accounting for Startups The Ultimate Startup Accounting Guide

This key startup metric, at its simplest, is how much cash you have on hand vs. how much you spend each month. So, for example, if you have $50,000 in the bank and project spending $5,000 per month, you have ten months of runway even if you don’t make a dime in revenue. Similarly, your

Hillsboro Office 5635 NE Elam Young Pkwy, Suite 100 Jones & Roth CPAs & Business Advisors

On a personal note, he enjoys golf and retreating with his family to the Mt. Hood recreation area on a regular basis. Real Estate & Construction Accounting Her main focus was increasing her technical skills and knowledge, and Jones & Roth allowed her to do just that, while she worked part-time. Michael is a ‘Career