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Difference between general journal and special journal

All the transactions in general journal are posted in general ledger whereas in special journals all the transactions are posted in general as well as in personal ledgers. Purchases return journal which is also called purchases return day book is sued to record credit purchases returned to suppliers. Sales return journal which is also called […]

¿Qué tarjeta de crédito es mejor, BBVA o Santander? Checa esto

El nivel de ingresos para poder obtener una tarjeta de crédito oro debe ser de entre 7 mil a 40 mil pesos. La diferencia entre una tarjeta oro y una clásica, además del límite de la línea de crédito, radica en las recompensas y coberturas en seguros que ofrecen, por ejemplo el seguro de viaje. […]

What Is Cost Accounting? Definition, Concept, and Types

We provide our clients with a modified form of cash basis bookkeeping. With this system, we record transactions as soon as the money has been deposited into your bank or charged to your bank/credit card. Join over 25,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench. After digging […]

Capital Expenditure CapEx Definition, Formula, and Examples

A common misconception is that Capital Expenditures only include spending on physical assets. Capital Expenditures are expenditures related to capital assets, which are assets that drive the company’s long-term growth. Both PP&E and Intangible Assets enable the business to operate and generate value over the long-term. Therefore, Capital Expenditures include cash spent on both PP&E […]

What is a capital account?

Current assets are short-term in nature, such as cash and inventories. Non-current assets are long-term; for example, land, building, and equipment. Assets refer to resources owned and controlled by the entity as a result of past transactions and events, from which future economic benefits are expected to flow to the entity. In simple terms, assets […]

How to Work from Home in 2023: 30 Tips for Success 2023

You could make as much as $100 to $200 an hour for one-on-one instruction. Lastly, keeping track of all your projects is again trickier without face-to-face interaction, but luckily there are a raft of options available to help ameliorate this. The M1 model is unsurprisingly the cheapest, but it doesn’t cost much more to ramp […]

Xero Review 2023: Pros, Cons, Ratings, Cost

They keep the language simple which is great for users who don’t know accounting terminology. Instead, you can integrate a payroll add-on called Gusto, recommended for up to 100 employees. It’s a full-service option with unlimited, automated payroll runs and direct deposit. More detailed definitions can be found in accounting textbooks or from an accounting […]

What Is QuickBooks & How Does It Work?

If you don’t need accounting just yet, our new money solution offers banking, payments, and 5.00% APY—all with no subscription or starting fees. It only takes a few minutes to get up and running once you connect your bank account to QuickBooks. You can also sign up for a one-time expert setup with a Live […]

7 Disadvantages of Artificial Intelligence Everyone Should Know About

Automation of jobs, the spread of fake news and a dangerous arms race of AI-powered weaponry have been mentioned as some of the biggest dangers posed by AI. Humans cannot develop artificial intelligence because it is a technology based on pre-loaded facts and experience. AI is proficient at repeatedly carrying out the same task, but […]