Bookkeeping - Mi terapia con Ximena

Debit memo definition: What is a debit memorandum? Acrobat Sign

by Ximena | Sep 14, 2023 | Bookkeeping

The result is a more efficient collections team that contributes to enhanced cash flow and reduced DSO. Credit notes may be used to cover all or part of the value of the bill. Debit notes are separate from invoices because they are generally formatted as letters,...

What Is Bookkeeping? Definition, Tasks, Terms to Know

by Ximena | Jul 29, 2022 | Bookkeeping

Of course, a background in accounting practices will help you ride out a learning curve as a new bookkeeper. Bookkeeping is a great starting point if you are interested in the field but not fully committed and want to test the waters. You may also be an ideal...

Daily Compound Interest Calculator

by Ximena | Aug 4, 2021 | Bookkeeping

We’ll say you have $10,000 in a savings account earning 5% interest per year, withannual compounding. We’ll assume you intend to leave the investment untouched for 20 years. You can use our compound interest calculator to do all the formula work for you....

Understanding the Chart of Accounts: A Fundamental Guide

by Ximena | Mar 1, 2021 | Bookkeeping

This can include both short- and long-term obligations, such as loans, accounts payable, and accrued expenses. Asset tracking is essential for a business because it allows them to maintain an accurate inventory and ensure they have sufficient resources to operate. If...

How to Use QuickBooks Online: Step-By-Step Guide

by Ximena | Feb 26, 2021 | Bookkeeping

This not only means you already have adequate inventory for any upcoming sales and don’t need to purchase more, but it also means you probably don’t have the cash on hand to pay for any new incoming orders. Because purchase orders are non-posting transactions, they...

Individual Taxpayer Identification Number ITIN Reminders for Tax Professionals Internal Revenue Service

by Ximena | Sep 17, 2020 | Bookkeeping

If you are an illegal immigrant who has taxable income in the United States, you need an ITIN to file taxes. However, it’s highly recommended that you send certified copies instead of originals. This is the best way to prevent your only copy from being lost in the...