Teman Daisy

Daisy M. Silanno

Bookkeeping

Bookkeeping

Liabilities Accounting Definition + Examples

Financial statements, such as the balance sheet, represent a snapshot of a company’s assets, liabilities, and equity at a specific point in time. Assets and liabilities are treated differently in that assets have a normal debit balance, while liabilities have…

Bookkeeping

What Is A Plant Asset? Here’s Everything You Should Know

Plants are considered a “current asset” because PP&E has a useful life longer than one year. A plant is a physical object that can be used to produce a product or service. However, it is still included as a tangible…

Bookkeeping

How can bookkeeping and accounting services support my business?

We’ll record bills as they come in to prepare for a payment run, then process payments to your vendors to simplify your cash flow management. Just because your accountant needs to step away doesn’t rule out an outsourced relationship. The…

Bookkeeping

2 5: Adjusting Entries Accruals Business LibreTexts

Adjusting entries is necessary because trial balances may not be up-to-date and complete. Adjusting entries rectifies any discrepancies between an entity’s finances and what is recorded on records, statements, etc. Here are the Wages Payable and Wages Expense ledgers AFTER…

Bookkeeping

Audit, Tax and Business Accounting Irvine, CA RJI International CPAs

Duner and Foote is an accounting firm that caters to prospective clients in Irvine. Its team specializes in providing both small businesses and large enterprises with a variety of auditing and accounting services, including bookkeeping and business advisory. It also…