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What Is Bookkeeping? Definition, Tasks, Terms to Know
The Growth Plan is the next plan up, includes accrual-based accounting and starts at $900 per month. You also have the option to build a Custom Plan that offers controller support, and fractional CFO services. Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP. These integrations...
What is a Contra Account?
If a contra account is not used, it can be difficult to determine historical costs, which can make tax preparation more difficult and time-consuming. In the books, the account of the asset would have a debit value of $100,000, and the contra asset account would have a credit value of $30,000. If the asset...
What Is Management Accounting? Jobs, Skills, Salary, Education
Inventory turnover is a calculation of how many times a company has sold and replaced inventory in a given time period. Calculating inventory turnover can help businesses make better decisions on pricing, manufacturing, marketing, and purchasing new inventory. A managerial accountant may identify the carrying cost of inventory, which is the amount of expense...