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Bookkeeping

The Difference between Bookkeeping and Accounting

While the basics of accounting haven’t changed in over 500 years, the practice of bookkeeping has. Bookkeeping was once done manually using actual books called journals and ledgers. Because bookkeeping is based on double-entry accounting, each transaction affects two accounts — one gets debited and the other is credited. You can choose to manage your […]

What are sales discounts?

The net sales amount is the actual revenue that has been earned after accounting for discounts. Take, for instance, a business that had $20,000 in gross revenue during the period. Offering a sales discount incentivizes the buyers or customers to pay invoices in a timely manner. When a company’s invoices are settled early, it helps […]

Bookkeeping Denver Outsourced Denver, CO Bookkeeping Services

Denver Accounting Services, Inc. is a certified QuickBooks ProAdvisor. Margaux’s Bookkeeping, Inc. is a bookkeeping specialist that provides personalized financial services for individuals and small businesses in the Denver area. The company was established bookkeeping denver in 2006 and has since offered profit and loss preparation, balance sheet preparation, payroll processing, payroll and sales tax […]

3 Top-Rated Affordable Church Accounting Software

Or you realize a volunteer has been working 30 or 40 hours per week, and your church’s net operating income is way in the positive. One person checks that the bill is accurate, and the other checks that the necessary money is in the bank. Tax allowances for ministers make church payroll especially complex. We’re […]

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