Is Supplies Debit Or Credit In Business?

Supplies are incidental items that companies purchase to use in the near future. When accounting for the supplies purchased, the normal approach is to charge them to expense. This means that when companies buy supplies for their business, they…

An accountants guide to crafting a successful digital marketing strategy

After measuring your CPA firm’s marketing performance, compile a list of action items for improving your campaigns. These action items can range from revising a social media ad campaign’s targeting to developing more blog content on a specific…

Is a favorable variance always an indicator of efficiency in operation?

This variance would be presented on paper as either $200 unfavorable, -$200 or ($200). When calculating variances, you might fixate on percentages and lose track of amounts. Seemingly small percentage changes in them will lead to outsized effects…

The Best Church Accounting Software

Choosing a plan that does what you want, offers you the opportunity to grow. You can connect your Donorbox account with FreshBooks easily using our Zapier integration. All it takes is activating the Zapier add-on on your Donorbox account.…

How to Do a Bank Reconciliation: Step-By-Step 2024

They kept $500 as a fee for doing that work for us and put $3,000 in our account. The debt to us on our books was recorded as a note receivable (which we will study later). Not surprisingly then, they defaulted, and so we hired the bank to go…

How to Do a Bank Reconciliation: Step-By-Step 2024

They kept $500 as a fee for doing that work for us and put $3,000 in our account. The debt to us on our books was recorded as a note receivable (which we will study later). Not surprisingly then, they defaulted, and so we hired the bank to go…