Not-for-profit organizations do not earn profits for their owners. All of the money earned by or donated to a not-for-profit organization is used in pursuing the organization’s objectives and keeping it running. Income is not distributed to the group’s members, directors, or officers. Exam...
I started using QB when they first came out, before that I did general accounting and bookkeeping by hand. I now use a QB online and desktop for a variety of clients. No matter how many requests you make, QB is now a monopoly and they are looking after themselves. They will not ...
We record sales from Stripe using JEs because JEs make it easier to separate out list price, tax, shipping, credit card fees and simply provide a more accurate and precise way of bookkeeping. We're a publisher and we'd organized our book sales using the ...
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but the investments are, then the realization of some assets may help keep the company afloat during periods of less profit. As well, if investments continue to do poorly, as reflected in multiple comprehensive income statements, then maybe that’s a sign for the company to rethink its investm...
Double-entry bookkeeping would then, as now, serve the purpose not only of helping the merchant calculate his profits. It would enable the merchant to “prove” that his profit-making was legitimate; that is to say, in context of the times, that he had not been practicing usury in violat...
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I started using QB when they first came out, before that I did general accounting and bookkeeping by hand. I now use a QB online and desktop for a variety of clients. No matter how many requests you make, QB is now a monopoly and they are looking after themselves. They will not ...