by owner | May 30, 2022 | Bookkeeping
The landlord typically sends an invoice several weeks early, so the tenant issues a check payment at the end of the preceding month in order to mail it to the landlord and have it arrive by the due date. Therefore, a tenant should record on its balance sheet the...
by owner | May 30, 2022 | Bookkeeping
The landlord typically sends an invoice several weeks early, so the tenant issues a check payment at the end of the preceding month in order to mail it to the landlord and have it arrive by the due date. Therefore, a tenant should record on its balance sheet the...
by owner | May 16, 2022 | Bookkeeping
Companies often prefer vendor financing when purchasing essential goods that are available at the vendor’s warehouse. The practice allows them to obtain trade credit without the need to borrow from the bank or use their retained earnings. Vendor financing most...
by owner | Mar 21, 2022 | Bookkeeping
Each document must be valid, and within the expiration date, and must also show your foreign status. An SSN, or Social Security Number, is an official identification number granted to US citizens and some other residents for taxing income, and calculating benefits. An...
by owner | Mar 1, 2021 | Bookkeeping
Depreciation is an accounting practice used to spread the cost of a tangible or physical asset over its useful life. Depreciation represents how much of the asset’s value has been used up in any given time period. Companies depreciate assets for both tax and...
by owner | Feb 4, 2021 | Bookkeeping
The Sales & Use Tax Payable account is the account that AAI item PTTXTX points to (TXTX is the G/L Offset field on the Tax Rate/Areas screen). Note that (1) the system creates the voucher for the item plus the tax, and (2) the posting creates two entries. Once the...
