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What Are the Types of Revenue Small Business Owners Need to Know?

Patriot Software

Learn how to record the types of revenue in different accounts. That way, you can keep your accounting books updated, organized, and legal. When you make a sale or earn money from another activity, you need to record it. What is revenue? Revenue, or sales, […] READ MORE.

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Backed up Bookkeeping – 5 Tips on Managing Your Accounting

MyIRSRelief

As negative as the IRS’ reputation is, it has to be said that they give Los Angeles, or Orange County business owners and taxpayers more than enough prior notice to get their accounting books in order, so there really is no excuse for missing a tax deadline. Log any expenses relevant to your business.

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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

TSG’s lawsuit filed last August in Los Angeles District Court said that Fox had promised TSG a share of defined gross receipts for pictures under the companies’ long-term participation agreement but that the studio used “nearly every trick in the Hollywood accounting book” to not pay.

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Accounts Receivable (AR) Automation: The Solution To The Collection Problem

Accounting Seed

You debit the $12,500 to AR and credit the same amount to your sales account. This is known as balancing your accounts/books. You recognize this in your accounting with a “bad debt” entry. Manual Accounting Methods Accounts receivable automation isn’t mandatory.

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How to Start a Business on Etsy || 20 Tips to Sell on Etsy Successfully

Snyder

Make sure you simplify managing your business by using Synder – the best solution for your accounting. Synchronize your payment data in your accounting books and receive error-free reconciliation and customized categorization. Start accounting ASAP. You can find a copy of Etsy’s seller policy on their website.

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22 Shopify Tips and Tricks: How To Quickly Grow Your Online Store

Snyder

It records all your sales and fees into your accounting books, getting an error-free profit and loss report and balance sheet. The data sync engine brings all the necessary details including amounts, customers, and shipping addresses to make sure your books are perfect. Click to find out whether Shopify collects sales taxes.