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In this article, we’ll highlight five adjusting entries examples, with practical tips for each type, to help you manage your books accurately and effectively. Now that all of Paul’s AJEs are made in his accounting system, he can record them […]

The par value of a stock is the minimum value of each share as determined by the company at issuance. If a share is issued with a par value of $1 but sells for $30, the additional paid-in capital for […]

Signing is the last step of writing a check, and it should only be completed after double-checking all other sections of the check. If you sign an otherwise blank check and lose track of it, whoever finds it can put […]

You can also find your account number on bank statements — either online or in paper form. A bank account number is https://www.bookstime.com/articles/what-is-a-retainer-fee-and-how-it-works a unique identifier for each account at a bank or other financial institution that you have. Along […]

In general, CPAs earn more than EAs, and CPAs also benefit from increased earning potential as time goes on. However, enrolled agents have the opportunity to earn extra money during tax season. I have a reader who actually makes more […]

Since 2006 we’ve walked with hundreds of churches through the challenges that come with growing a healthy church. Our mission is to help churches manage their finances so that pastors and churches can thrive. We believe that when churches have […]

However, large companies may also require a sizable amount of funds to maintain an acceptable working capital. Retail stores, alternatively, must maintain a high amount of assets for the needs of their customers and business. The line item is separated […]

Accounting Explained With Brief History and Modern Job Requirements The remainder of this article, however, will be devoted primarily to business accounting. Without accounting, investors would be unable to rely on timely or accurate financial information, and companies’ executives would […]