آرشیو دسته بندی: Bookkeeping

A contra account is an account that is used to offset one other account. The steadiness within the contra account is lowered when the corresponding asset or legal responsibility it’s paired with is disposed of. The Allowance for Uncertain Accounts is used to track the estimated dangerous money owed a company my incur without impacting […]

Financial risk assessment is often used in conjunction with other risk management tools, such as risk assessment models, credit rating agencies, and internal control assessments. Risk assessment models are used to calculate the probability and magnitude of potential risks. Credit rating agencies are used to determine the creditworthiness of a company or individual. Streamline your […]

In the next section, we’ll address some common EFT payment FAQs to further clarify any remaining questions you might have about this method of payment in Canada. For businesses, automating this process through EFT ensures a predictable and reliable revenue stream, while also reducing customer churn by providing a convenient and hassle-free billing experience. By […]

Switching to ClinicSense from Jane is easy—ClinicSense support will help you import all your client files, upcoming appointments, and more. Even with the best accounting software on the market, your books aren’t going to keep themselves. It’s critical to stay on top of your bank reconciliations and make sure your transactions match up. ClinicSense helps […]

These are assets like land, buildings, equipment, and even intangible things like patents. Balance sheets are tailored to fit different kinds of businesses like shops, manufacturers, and service providers. They feature the company’s name, the balance sheet date, and a clear title. This includes the total wealth and debts of the main company and its […]

Calculate payroll accrual reversals and new accrual bookings for biweekly payroll cycles, taking into account working days, holidays, and weekends. In this article, we’ll define accrued payroll, explore why it matters, and demonstrate how a deep knowledge of it can support smarter financial planning for your business. This method requires HR to promptly update the […]