Remember that the allowance for uncollectible accounts is just an estimate of how much you won’t collect from your customers. Once it becomes clear that a specific customer won’t pay, there’s no longer any ambiguity about who won’t pay. When Keith gets your invoice, he’ll record it as an accounts payable in his general ledger,…
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Here’s a more detailed overview of the 2 main ways outsourced bookkeeping works. Sometimes cost can be a barrier to entry, even for solutions that specifically target clientele with tight budgets. At some point, though, just about anything is better than a sterile spreadsheet and often the most cash-strapped businesses need the most help to…
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During periods of financial strain, the company can choose not to pay dividends without creating a future financial obligation. Also known as straight preferred stock, non-cumulative stock does not carry a provision for the accumulation of unpaid dividends. This means that if a company fails to pay dividends in a particular period, the missed dividends…
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By accessing and using this page you agree to the terms and conditions. The process for having a client add you to their QuickBooks Online profile is really easy. Detailed insights are delivered via graphical reports and dashboards that display data in real-time. They provide comprehensive year-over-year income and expense comparisons. Learn how to add…
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