Category: Bookkeeping

If, in a future period, the customer manages to pay the amount, XYZ Corp will record this as a recovery, reflecting positively on their financial statements. However, tax regulations often specify that only debts written off using the direct write-off method can be deducted. They are added to the already written off bad debts and… Continue reading What are Write-Offs? Understanding Their Role in Accounting and Finance

The retail method is all about estimating ending inventory without counting every single item individually. Weighted average blends all costs together, treating your inventory as one large pool. Under LIFO, when you sell a box of nails, you record the cost of that box as $6 first, assuming you’re selling the newest, more expensive inventory.… Continue reading Age Verification

When you purchase a bond, you provide a loan to an issuer (like the federal government, a municipality, or a corporation) for a set period of time. Explore these investment ideas to add bond exposure to your portfolio. Investing involves risk, including the possible loss of principal. Bonds are often an important part of a… Continue reading Discount Bonds: How They Work, Types, and Benefits

She and her team provide tax preparation for individuals and small businesses, weekly, monthly, or quarterly payroll assistance, bookkeeping, and consulting services. Keith Winnick, CPA, PC, based in Eugene, OR, provides accounting and financial planning services to businesses and individuals all along the West Coast. Clients across Sweet Home and Lake Oswego, OR, trust the… Continue reading Certified Public Accountant Serving the Eugene & Springfield Communities

The importance of in-house or outsourced professional accounting was also highlighted. Experienced tech startup accountants can provide invaluable expertise and efficiency, enabling you to focus on your core business activities. Lastly, we examined how to budget for accounting services and employ cost-saving strategies to make these services affordable without sacrificing quality. Tiered platforms like QuickBooks… Continue reading 11 best accounting software for startups in 2025