Accounting Definitions of Contra-Revenues vs Expenses

Contra asset accounts are typically used for accumulated depreciation, amortisation, and other accounting adjustments. For example, a company might have a contra asset account for depreciation expense and a separate asset account for equipment cost. Trade discounts are reductions from the list price of goods or services offered to customers, often based on volume purchased […]

Outsourced Bookkeeping: How to Find the Right Bookkeeper for Your Business

This is especially helpful for business owners who often take on bookkeeping themselves. Typically, there are a few signs that it’s time to leave the DIY behind and bring on a professional. Understanding how income statements and balance sheets work together can help you plan your business’s future growth. Learn the right way to pay […]

Bookkeeping Services near Houston, TX Better Business Bureau Start with Trust ®

The best bookkeeping services take care of basic bookkeeping tasks, like reconciling bank statements, inputting transactions and generating financial reports. You should be able to directly call or message your bookkeeper with questions whenever necessary, and some services offer add-ons for tax planning and payroll. The best bookkeeping services handle your target tasks without breaking […]

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