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Allowance for Doubtful Accounts: Methods of Accounting for

by | Sep 3, 2020 | Bookkeeping

First, the company debits its AR and credits the allowance for doubtful Accounts. In certain situations, there may be instances where a customer is initially unable to pay, resulting in a bad debt write-off. However, after a few weeks or months, the customer manages...

Free Balance Sheet Templates Multiple Formats

by | Aug 12, 2020 | Bookkeeping

Download one of these free small business balance sheet templates to help ensure that your small business is on track financially. The current ratio is calculated by dividing the total current assets by the total current liabilities. The assets are made up of fixed...

Bookkeeping Pricing Packages Overview

by | Jul 8, 2020 | Bookkeeping

Just about every small business requires a basic form of bookkeeping in the beginning. In this initial stage of establishing your business, you will be primarily concerned with smaller responsibilities like recording transactions and paying bills. We offer a...

Bookkeeping for Amazon Sellers

by | Apr 29, 2020 | Bookkeeping

To calculate COGS, you’ll want to include the cost you paid for an item or good and all costs to bring that item to market. These include purchase price, shipping, fees, tariff and duty payments, and more. What are the best practices for eCommerce inventory...