por Sociedad Portuaria Buenaventura | Jun 27, 2023 | Bookkeeping
However, when the owner’s equity is shifted on the left side, the equation takes on a different meaning. The accounting equation is important as it lays the foundation of accounting and the double-entry system. It ensures accuracy in recording financial transactions...
por Sociedad Portuaria Buenaventura | Jun 21, 2023 | Bookkeeping
Notes Receivable record the value of promissory notes that a business owns, and for that reason, they are recorded as an asset. NP is a liability which records the value of promissory notes that a business will have to pay. Notes payable are written agreements...
por Sociedad Portuaria Buenaventura | Feb 16, 2023 | Bookkeeping
For instance, if the factored amount is $10,000 and the agreed advance rate is 90%, you would receive $9,000 upfront. In the following section, we’ll explore what accounts receivable factoring is, its types, how it works, and benefits. But before we dive into the...
por Sociedad Portuaria Buenaventura | Feb 1, 2023 | Bookkeeping
Running payroll is one of the most important responsibilities for business owners, but it doesn’t have to be the most stressful. With the right payroll management system, employers may be able to achieve peace of mind and find more time to focus on growing their...
por Sociedad Portuaria Buenaventura | Dic 1, 2022 | Bookkeeping
After closing the books, the accounting cycle starts afresh with a new accounting period. Closing the books is a good time to file paperwork, prepare for the next reporting period, and review the just-concluded accounting cycle. Companies calculate their trial balance...
por Sociedad Portuaria Buenaventura | Oct 7, 2022 | Bookkeeping
For example, it is also known as the book of original entry, the primary book, the book of primary entry, and the book of first entry. You can also create custom invoices using the provided templates, and send reminders to make sure you don’t miss out on any invoice...
