Patriot Software

NOVEMBER 3, 2022

As a small business owner, setting up your accounting books and maintaining accurate records is essential. To make that happen, you need to be familiar with accounts payable and accounts receivable. What is the difference between […] READ MORE.

accounts payable 77

accounts payable double entry bookkeeping Account accountant 77

xendoo

AUGUST 22, 2022

In this guide, we’ll go over the basics of bookkeeping—what accounts are debits and credits and how to record them in your books. In accounting, debits and credits are used to record financial transactions. A debit is an entry on the left side of an account, while credit is an entry on the right side of an account.

Account 52

Account accountant accounted bookkeeping 52

inDinero Accounting

JUNE 29, 2023

The components of GAAP can be broken down into two main categories: accounting procedures and reporting standards. On the accounting side, GAAP requires specific methods for recording transactions, such as double-entry bookkeeping, which involves debiting one account while crediting another in order to maintain accuracy in recording data.

accrual accounting 98

accrual accounting accounting principles accounts payable accounting standards 98