Bookkeeping

Double-Entry Accounting: What It Is and Why It Matters

The basic double-entry accounting structure comes with accounting software packages for businesses. When setting up the software, a company would configure its generic chart of accounts to reflect the actual accounts already in use by the business. Credits to one account must equal debits to another to keep the equation in balance. Accountants use debit …

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The Ultimate Cheat Sheet on Accounting for Interior Designers

To make sure all invoices are sealed, accurate, completed in a timely manner, and to make sure everything is paid. This ensures that purchase orders, payments, project tracking can be properly documented. When this process is done correctly, you will be able to have constant access to see the accurate liability of your company at …

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