It’s crucial to have an accounting and bookkeeping team (whether outsourced or internal bookkeeping) to help ensure accuracy for your contra account. Better yet, consider investing in AI-powered accounting software to reduce mistakes. The purpose of the Sales Returns account is to track the reduction in the value of the revenue while preserving the original […]
Category Archives: Bookkeeping
Accounts receivable, cash and cash equivalents, and marketable securities are some of the most liquid items in a company. Cash equivalents are assets that can be quickly converted into cash, such as short-term investments or accounts receivable. It does not take into account factors such as long-term debt and depreciation which can also affect a […]
This being said, however, for most small businesses, the simpler and more cost-effective option will be to utilize online bookkeeping services. In some cases, these services will include a bookkeeping or accounting software and a virtual team of bookkeepers to manage that system. On the other hand, you might be able to find a bookkeeping […]
Hager Accounting offers accounting, tax, and consulting services to individuals and businesses in the San Francisco area. They have been praised for being professional, smart, and having affordable rates. Matax is a full service cloud bookkeeping firm based in San Francisco that specializes in customized, cost-effective bookkeeping services for start-ups, entrepreneurs, and small businesses. Bookkeeping […]