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When And Why Your Small Business Needs An Accountant

da | Lug 18, 2024 | Bookkeeping

The Association of International Certified Public Accountants (AICPA) sets the standards and qualifications for the CPA professional designation. Each state has a board of accountancy that sets the specific standards for the state. Let’s look at a few reasons...

Accounts Payable: Definition, Example, Journal Entry

da | Mar 28, 2024 | Bookkeeping

Under the accrual method of accounting, an invoice or purchase order is recorded when it is presented by the creditor (as opposed to when it is paid). Say Robert Johnson Pvt Ltd pays cash within 10 days to take advantage of a 2% discount. In that case, the journal...

What Is a Stale-Dated Cheque?

da | Ott 24, 2023 | Bookkeeping

While payroll, personal and business checks expire within six months,  money orders do not have a common expiration date. Generally, money orders do not expire, but state laws and issuer rules can influence the money order’s life expectancy. This means that, in...

Setting Up A Legal Chart Of Accounts For Your Firm

da | Apr 27, 2023 | Bookkeeping

Canada’s best law firms were identified in 29 different legal fields, based on the number of recommendations they received for a respective legal field. When using the customer method, you must know what is in the total sum of the parent account. The Bar Association...