For a full explanation with journal entries, read our blog, Accrued Rent Accounting under ASC 842 Explained. The demand for…
Bookkeeping
Accounts Receivable Process: Step-By-Step Guide
It also includes steps for addressing bad debts and disputes if the customer should challenge their bill or refuse to…
Free Bookkeeping Clean Up Checklist
Keep the client looped in through the whole process with regular meetings and updates. In this way, they become a…
How to Do Accounting for Your Construction Business 8 Steps
This should include categories for materials, labor, subcontractors, equipment, overhead, and revenue from each project. The tax landscape for construction…
What Is Period Expenses? Importance, Types, and Calculation
Period costs are typically located on the income statement for the accounting period in which they are incurred. Prepaid expenses…
