Debits and Credits
Debits and credits are used in double-entry bookkeeping using bookkeeping journals. Learn how they work, access a cheat sheet...
Mileage Tax Deductions Can Increase Your Refund Check Amount
Are you self-employed or do you volunteer a lot? You may be eligible for mileage tax deductions. It is important to track all mileage driven for work, medical appointments, volunteering and even moving. The federal deduction for mileage is significant and...
Connecting the Income Statement and Balance Sheet - dummies
When an accountant records a sale or expense entry using double-entry accounting, he or she sees the interconnections between the income statement and balance sheet. A sale increases an asset or decreases a liability, and an expense decreases an asset or increases a liability. Therefore, one side of every sales and expense entry is in […]
Double Entry Bookkeeping in 7 Steps
Double entry bookkeeping is the process of entering financial transactions in a way that will balance the books; here are the 7 steps involved to get it right.
Accounting Ratio Calculator | Double Entry Bookkeeping
This free accounting ratio calculator will help a business calculate the main accounting ratios needed to monitor it's operations. Free Excel download.
Income Statement Template for Excel
Download a Free Income Statement Template for Excel and other financial statements. Learn the essentials for creating your income statement.
My latest project…with a few tips!
My client found this table at an online garage sale. She is using it for a breakfast table in her kitchen and wanted the bottom painted light turquoise and the top stained dark. And this is after... I stained the table top and chairs with dark walnut. I use a paint sprayer, so everything that isn't getting…
Perpetual Inventory System Journal Entries | Double Entry Bookkeeping
A quick reference for perpetual inventory system journal entries, setting out the most commonly encountered situations when dealing with perpetual inventory