Category Archives: Bookkeeping

Difference between gross profit and net profit

Content Net Income Template Managing payroll Passive income ideas to earn extra cash Top 6 payroll and HR mistakes that startups make Generative AI in 7 easy steps: A practical business guide Why is net income important in business? Though certain tax credits or deductions may closely relate to gross profit, government entities are more […]

Trial Balance Preparation In Practice Institute Of Accountants And Bookkeepers

Content Download your interactive study planner and finish your qualification on time What ledger account balances should I be careful with? How CFOs can overcome hidden cyber risks of siloed financial data The underground accountancy exhibition you should know about Trial Balance Trial balance format Accountech Bytes: Apron, GoCardless, and MTD However, it’s still possible […]

Contra Asset Examples, How a Contra Asset Account Works

Content What is a Contra Account Overview of contra accounts Contra accounts increase transparency The https://personal-accounting.org/ uses the straight-line depreciation method for the car. Accumulated depletion is the counterpart of natural resource assets. Accumulated depreciation is the total of all depreciation that has been charged to existing fixed assets such as equipment and buildings. There […]

How do I get my money back after I discovered an unauthorized transaction or money missing from my bank account?

Overdrafts can happen when you write a check, make a debit card payment or carry out an ATM transaction that sends your account balance into negative territory. The only way to access your Overdraft Line of Credit is to overdraw your 360 Checking. We’re allowed to increase or decrease your credit limit at our discretion, […]