Is Bookkeeping a Difficult Job?

Good organisation skills are essential, and bookkeepers should develop processes to ensure accuracy, timely manner and compliance. By staying proactive and outsourcing to professionals when needed, you can tackle bookkeeping challenges with confidence and focus on...

How to Set Up a Law Firm Chart of Accounts

The data needed for state reporting including the three-way reconciliation reports will be easily found in the balance sheet and profit and loss statement. One way or another, your firm will need to create and use a full range of legal specific accounts in your...

Is Revenue A Debit Or Credit In Business?

Likewise, to apply a credit, we always move to the left on the number line. A credit decreases the balance of positive accounts, but increases the balance of negative accounts (larger negative number). Assets and Expenses are positive accounts (debit accounts) as they...