Bookkeeping

Australian workers now have the right to disconnect from work

In Massachusetts, this law also applies to some state holidays. Employees on an hourly salary will usually get time and a half if they work more than 40 hours a week; in some states, they’ll also get it when they work morethan 8 hours in one day. Some companies also…

Bookkeeping basics: A guide for small businesses

A shoe brand strikes a deal with an overseas manufacturer to get a fresh shipment of shoelaces—price and timeline set, no sweat. He could likely recover the extra $3,000 he paid for housing and the cost to fix those malfunctioning light fixtures. This time, we will categorize the examples based…

The Ultimate Accounts Payable Guide: Definition, Examples & Automation

Accounts payable automation solutions provide a clear audit trail for every transaction, making it easier to detect and prevent fraudulent activities. They also enforce strict approval workflows to prevent unauthorized transactions. Discover how to accept payments online without a merchant account in this step-by-step guide for your business. If a…

What Is a Balance Sheet? Definition, Explanation and Format Examples

The situation could be improved considerably if Bill reduced his $13,000 owner’s draw. Unfortunately, he’s addicted to collecting extremely rare 18th century guides to bookkeeping. Until he can get his bibliophilia under control, his equity will continue to suffer. Finally, since Bill is incorporated, he has issued shares of his…