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Closing the Books: Learn the Basics and How to Close the Books

It is the end of the year, December 31, 2018, and you are reviewing your financials for the entire year. You see that you earned $120,000 this year in revenue and had expenses for rent, electricity, cable, internet, gas, and food that totaled $70,000. However, if the company also wanted to keep year-to-date information from[...]

For Businesses Full-Service Accounting Firm, Larchmont NY, New Jersey, Connecticut

The amount paid to Partner C by Partner D is also a personal transaction and has no effect on the above entry. Had there been only one partner, who owned 100% interest, selling 20% interest would reduce ownership interest of the original owner by 20%. The same approach can be used to buy equity from[...]

Bookkeeping San Diego, CA Online Bookkeepers & Accountants

Their modern, cloud-based approach allows for more efficient, accessible, and collaborative financial management. They are equipped with certifications such as Intuit Certified ProAdvisor for both QuickBooks Online and Desktop, and are a Xero Bronze Partner & Certified Advisor. At the core of IB CPA’s offerings is their robust, year-round tax assistance. This service encompasses everything[...]