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Bookkeeping means different things to different people. Some view it as the same as accounting while others see it as record keeping.
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What is a loan charge off?
Charge off is a shortened version of "charged off to profit and loss". This accounting term describes a bookeeping entry routinely performed by creditors. While there are technical differences, for a consumer charge off is the same as a collection account. They are both derogatory defaulted debts which are due and payable in full. They show on a consumer's credit report for 7 years from the last month/year when they were paid as agreed immediately prior to default. Charged off accounts frequently are transferred or sold to collection agencies and become the target of lawsuits to recover the money owed. Important to understand Charge Off is NOT a forgiveness of the debt in any way. It is only an accounting entry by the one who is owed. The discussion below, originally more on a tax Q, provides detail. Explanation Charge Offs & Forgiven Debt If what your asking is really
How much money will it take to start a feed store business?
This is a good question. The first thing to do is list all items needed to start the business, then all the inventory required, then additional business costs related to managing the business. It is not clear if you plan to sell to individuals or other businesses and this has a tremendous impact on the cost to start. Selling to individuals "retail" requires a leased store, interior shelving etc. Figure 30k for a years lease, 25k in store preparation (lighting, cash register etc., etc.)and $200k in on years inventory cost and 20k on administrative costs like banking and bookeeping and insurance. So, something on the order of $300,000 in advance of starting. For selling to other businesses you usually have less building costs but higher inventory costs so about $400,000 up front before you open your doors. These figures are general costs involved with any retail store business where the owner actually makes a profit over the long haul.
How do you do bookeeping?
Bookkeeper.
Is there a bookeeping service in Portland Maine?
yes there is a bookeeping service in Portland Maine. I would investigate Maine Bookkeeping Inc. They are located at 44 Cash Street, South Portland, Maine.
What are the functions of accounding?
Bookeeping to keep track of profit expenses for an entity.
How is bookeeping done in the acconting industry?
Bokkeeping is done on Double Accounting System
How can i start college for accunting and bookeeping?
Step one: learn to spell. Step two: Go to college and major in math.
Why should a company need a book keeper?
In a small business - the owner usually does everything from bookeeping to sweeping the floors. Consider that the owner or key person in a business has a great understanding of his product and can be the most effective salesperson for this product. Bookeeping is a necessary, time consuming task that should be delegated so that the owner has the time to do what he does best - sell his company and grow his business. Too many of these guys get hung up in the little details and spend way too much time doing "menial" tasks. They are wasting the most valuable asset they have - themselves. They need to be out front - meeting the people. You can hire bookeeping services part time - or for as many hours as necessary. It is the smartest thing you can do if you want your business to succeed.
Where do they sell quickbooks pos software?
"Intuit sells the download on their website. You can use this software to manage inventory, keep customer information, and keep bookeeping information. You can use a barcode scanner with this software as well."
my daughters mother was doing my bookeeping got mad and destroyed my tax recipts and records what do I do?
There is a chance to get duplicate receipts for further information please refer this http://www.showmeboone.com/Collector/WebPublish/Taxes/DuplicatePropTax.htm
What are the 2 kinds of bookeeping?
When you ask "2 kinds", I am guessing you are asking the method / basis employed in accounting. Bookkeeping can follow either: a) the cash basis, or b) the accrual basis (also known as the mercantile basis)
Business tax return preparation cherry hill?
Business tax return preparation cherry hill ??Answer -http://www.edwardenewmancpa.com/Edward E. Newman, Mount Laurel, NJ - Find and accountant, accounting firms, bookeeping services, CPA, tax preparation, business tax return preparation and business consulting firm in the area of Cherry Hill, Marlton and Mount Laurel, NJFind A CPA Marlton, Find An Accountant Marlton, Accounting Firms Cherry Hill, Accounting Firms ,Alton Bookeeping Services Cherry Hill ,Bookeeping Services Marlton, Find A CPA Cherry Hill, Find An Accountant Cherry Hill, Tax Preparation Cherry Hill, Tax Preparation Marlton, Business Tax Return Preparation Cherry Hill, Business Tax Return Preparation Marlton
What qualifications do you need for bookeeping?
An accounting certificate is always very helpful for obtaining a bookkeeping job. You do not need a 4-year degree in most cases, so look to community college and online college certification programs which are typically less expensive and do not require lengthy study times.
Where do you File warranties in bookeeping?
Companies must accrue estimated warranty expenses. The journal entry to accrue the expenses is a debit to warranty expense, and a credit to an accrued warranty liability account. When warranties are paid the debit is to the warranty liability account and the credit is to the cash or bank account.
