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The rights or claims to the properties are referred to as equities. My Accounting Course  is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. Receivables arise when a company provides a service or sells a product to someone …

What is the Accounting Equation? Basic & Expanded Formula Explained Read More »

PayPal is a popular online payment service, designed to make online purchasing in particular easier and safer. The increased security mainly concerns two special features which also affect accounting. In partnership with three expert business owners, the PayPal Bootcamp includes practical checklists and a short video loaded with tips to help take your business to …

How to treat your PayPal account in QuickBooks Read More »

Insufficient funds is another possible consequence of poor homeowners association https://www.facebook.com/BooksTimeInc/ accounting. When you fail to budget your expenses properly, the HOA might run out of money. This will inevitably force your board to either take out a loan or charge special assessments to homeowners. Data Found in HOA Financial Statements This includes preparing detailed …

How to Read HOA Financial Statements Read More »

The three most common components of a financial statement are the balance sheet, the income statement, and the statement of cash flows. In some jurisdictions, summary services financial statements are available (or may be required) on a quarterly basis. These reports are usually sent to all investors and others outside the management group. What Are …

What Is A Savings Account? Definition, How It Works Read More »

Countability is on the period they occur rather than the periods in which the related expenses and revenues are spent. Firstly, you must reconcile beginning cash basis retained earnings, and secondly you need to reverse any payables and receivables that shouldn’t be shown on a cash basis tax return. Accounting help from professionals who work …

How to convert accrual basis to cash basis accounting Read More »