Pros and Cons of the Double-Entry Bookkeeping Method
Per the double-entry accounting system, businesses are obliged to record …
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Knowledge Base
What Are the 10 Basic Accounting Principles?
Accountants in the U.S. (and worldwide) must abide by a …
Top 10 Accounting Scandals in the U.S.
Accounting scandals, a.k.a. accounting frauds, have been rocking the business …
What Is Outsourced Bookkeeping?
Outsourced bookkeeping is when businesses hire outside bookkeeping and accounting …
Semimonthly vs Biweekly Payroll Differences [Pros & Cons]
Reviewing the semimonthly vs biweekly payroll differences is important for …
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Invoice vs Bill vs Receipt: Everything You Need to Know!
While most people often use them interchangeably, invoices, bills, and …
Invoice vs Bill vs Receipt: Everything You Need to Know! Read More »
What Is an Outstanding Expense in Accounting?
Also known as accrued liabilities, outstanding expenses are as of …
5 Best Accounting Books for Small Business Owners
Is there a better way to get a handle on …
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Is Unearned Revenue a Liability in Accounting?
Is unearned revenue a liability? In essence, yes, but a …