Catégorie : Bookkeeping

Unlike the three previously mentioned contra accounts, contra revenue accounts are not listed in the balance sheet but are written near the top of the income statement. Contra revenue accounts typically offset revenue accounts in a firm’s income statement. As mentioned, businesses use contra revenue…

Though a company may be sitting on $1 million today, the company may not be selling a profitable product and may struggle to maintain its cash balance in the future. You would not include prepaid insurance, employee advances, and inventory assets since none of those…

Linda Rost started Better Bookkeepers in 1999, and since then the team has worked for over two decades. In this time, we’ve developed bookkeeping solutions for countless unique, small businesses and honed razor-sharp attention to detail. We’re proud of our professional reputation and the quality…