Some accounting software products automate bookkeeping tasks, like transaction categorization, but it’s still important to understand what’s happening behind the scenes. While the basics of accounting haven’t changed in over 500 years, the practice of bookkeeping has. Bookkeeping was once done manually using actual books called journals and ledgers. With bookkeepers, there are a lot …
But it still needs to be reconciled, since it affects your working capital. Using the cash flow statement example above, here’s a more detailed look at what each section does, and what it means for your business. During the year, they sold 30,000 units at $10 per unit to the customers. Article by Melanie Chan …
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ABILENE BOOKKEEPING & TAX SERVICE 517 Grape St, Abilene, Texas Bookkeepers Phone Number Read More »
