Remove accounting and finance Remove accounting terms Remove accounts payable Remove business accounting
article thumbnail

What Are Liabilities?

MazumaBusinessAccounting

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. Liabilities make buying items for your business easier, because you don’t have to pay the amount in full immediately. accounts payable.

article thumbnail

ARE ALL ACCOUNTING SERVICES THE SAME?

Basis 365

ARE ALL ACCOUNTING SERVICES THE SAME? COMPARING DIFFERENT ACCOUNTING PARTNERS CAN BE LIKE COMPARING APPLES AND ORANGES. ACCOUNTING SERVICES (OR OFFERINGS) ARE NOT ALL THE SAME. BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU. WHO CAN ADVISE YOUR BUSINESS?

article thumbnail

What Is Deferred Revenue? Journal Entry and Examples

xendoo

As a business owner, you may have heard the term deferred revenue before. But, what is deferred revenue and what does it mean for your business accounting? . In accounting, deferred revenue can affect your balance sheet and profit and loss statement. . It may also be taken into account when you apply for loans.