The Trial Balance consists of all of the active accounts in the Principal Book of Accounting System (GL) of the company. So, for most companies, this would include cash accounts, receivables, inventory, payables, all the equity accounts, and then income and cost accounts. With the help of the Trial Balance, we are able to make […]
Owner’s equity represents the value of a business that could be claimed by the owner if the business were liquidated. Owner’s equity can be used to evaluate a business’s performance and prospects. Increases in owner’s equity from one year to the next may indicate a business is well-managed and succeeding. Decreases in owner’s equity may […]
Upper utilizes data-driven insights and cutting-edge tools to streamline delivery routes and enhance logistics. And if the buyer uses the perpetual inventory system, it will be the debit of the inventory account instead. However, for domestic shipping within the US, the Uniform Commercial Code (UCC) establishes the related rules. Harold Averkamp (CPA, MBA) has worked […]
Maybe you already have a payroll, HR, or financial system in place, but are worried about potential compliance gaps that your team can’t fully cover. ADP TotalSource is a professional employer organization (PEO) offering, in which you enter a co-employment relationship with ADP to outsource your HR needs. ADP TotalSource is the vendor’s professional employment […]
I love how (EP Bookkeeping and Tax services) guided me since I just started, and how much (they) helped me plan out the year so I know how much I would have to pay in taxes. I really like that we meet every month and we review how I am doing. We prepare federal tax […]