Bookkeeping

The patient receives a loan for dental treatment, the dental office is paid in full, and the patient makes payments to the lending agency. In dental practices that are not paperless, each patient will have a charge slip (or routing slip) that details certain information. Most slips will also have an area for noting any […]

Nevertheless, if you don’t have a check, you can head to your local bank branch and ask them to provide you with a check. The bank teller should be able to print a check for you, which will have your account information on it. You’ll then be able to grab a pen and void the

In this example, the guarantee offered by Discount Tire does not include the disposal fee in overhead and increases that fee as necessary. The production hasn’t taken place and is completely based on forecasts or previous accounting records, and the actual overheads incurred could turn out to be way different than the estimate. Based on

For self-employed individuals, contributions to their own retirement plans are personal deductions claimed on Form 1040. If you’re frequently on the go, you should definitely look into deducting your travel expenses. For a business expense to qualify as travel, it must be away from the city or area in which you conduct business. You must

As cars displayed at a showroom are held for sale in the ordinary course of the business, they are not fixed assets of the company. Easily add, change, dispose or transfer fixed assets for your business or your clients. Leases of real estate are generally classified as operating leases by the lessee; consequently, the leased

Whenever a petty expense is recorded in the total payment column, the same amount is recorded in the relevant petty expense column. It should be noted that the balance brought down every time a new period starts should be the same as the original amount that was given to the petty cashier by the main

From strategic planning to risk management and financial analysis, every aspect of a company’s financial well-being requires careful attention and expertise. Effective financial management is crucial to the growth and profitability of a business, and an accountant’s expertise is indispensable in achieving this. In addition, accountants can also provide guidance for the purchase or sale

The amount of discount amortized for the last payment is equal to the balance in the discount on bonds payable account. As with the straight‐line method of amortization, at the maturity of the bonds, the discount account’s balance will be zero and the bond’s carrying value will be the same as its principal amount. See