Wave Accounting – An Explanation

Wave Accounting – An Explanation The terminology in Wave Accounting is simple and uncomplicated. Every little thing is always to be understood around the aspect of wave length. The wave length is basically represented by the arithmetic imply (Amt) or average (a)...

Invoice and Accounting Software for Small Businesses

Invoice and Accounting Software for Small Businesses An overview: FreshBooks vs. QuickBooks Online Now that FreshBooks has an amazing new version rich with improved features, the list of benefits became considerably long. Below we analyze the most important among them...

Bookkeeper Job Description Sample

Bookkeeper Job Description Sample Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any...

Accounting Methods

Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it’s earned, and expenses when they’re billed (but not paid). The accrual basis requires the use of estimates in certain areas. For example, a...

Accounts Receivable and Bad Debts Expense

Accounts Receivable and Bad Debts Expense Companies that use the percentage of credit sales method base the adjusting entry solely on total credit sales and ignore any existing balance in the allowance for bad debts account. If estimates fail to match actual bad...