Best Practices for Daycare Bookkeeping

Author: adminOn: Sep 01Categories: Bookkeeping No Comments

While single-entry may seem simpler, the double-entry system is renowned for its thoroughness and accuracy. You don’t want to wait until the end of the year to find out that there are errors in your transactions. At the end of each month, compare your...

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Church Accounting: What It Takes And How You Can Get Help!

Author: adminOn: Juil 29Categories: Bookkeeping No Comments

Bookkeeping helps churches manage their cash flow and finances, while maintaining accountability with their congregations and donors but would not allow them to provide complete financial statement to outside readers. Church management software (CMS) ...

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What is accrued revenue? Examples & how to record It

Author: adminOn: Nov 29Categories: Bookkeeping No Comments

Unearned revenue or deferred revenue is the amount of advance payment that the company received for the goods or services that the company has not provided yet. However, accounting for this revenue keeps your business reactive and flexible. Calculating...

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