Danh mục: Bookkeeping
Bookkeeping Essentials For Construction Companies
- Th10 26, 2021
It’s normal for people to look at their profit and loss statement and think that it should tell them how much money came in and How Construction Bookkeeping Services Can Streamline Your Projects how much money came out, but that’s not the case. You need to look at both of these pieces of financial data […]
Read MoreFree Credit Memo Example Template Download
- Th6 04, 2021
Here, the buyer’s accounts receivable account is credited and the sales returns account is debited when the buyer returns the goods. A credit memorandum, book value vs. market value aka credit memo, is an articulated form indicating an amount the contractor owes to the client. Recording a credit memo’s journal entry is a must for […]
Read MoreThe net balance (revenue – expenses) of this account is then transferred to Retained Earnings through closing entries. A retained earnings balance is increased when using a credit and decreased QuickBooks with a debit. If you need to reduce your stated retained earnings, then you debit the earnings. Typically you would not change the amount […]
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