Category: Bookkeeping

Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand bookkeeping and introductory accounting. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small… Continue reading Which accounts normally have debit balances?

So, with restricted stock, you only record expenses during the vesting and when the shares become available. At this point, the company also records the cash received from the employee (since they’re buying the shares) and adjusts the APIC – Stock Options account to show that those options are now real shares. They record the… Continue reading How Do You Book Stock Compensation Expense Journal Entry?

Or they might plan to sell within a few days, weeks or months, hoping to make a quick profit petty cash: what it is how it’s used and accounted for examples in the bargain. Shareholders, being the owners of the company’s equity, are typically the most adversely affected. In bankruptcy proceedings, shareholders are last in… Continue reading Stakeholder vs Shareholder: Whats the Difference?

Now, as a Paraplanner and Administrative Assistant at Hobart Wealth in Charlotte, NC, Michaela thrives on building personal connections and crafting tailored financial strategies. Outside of work, she enjoys yoga, skiing, and quality time with her boyfriend Jake and their border collie, Ozzy. Michaela’s dedication to learning and her commitment to helping others achieve financial… Continue reading Business Debt Restructuring: What It Is and Why It Matters

In contrast, accrual accounting does not directly consider when cash is received or paid. In accrual basis accounting, a sale is recorded as soon as it’s made, even if payment won’t arrive until much later. This delay can make it harder for businesses to quickly address cash-based issues or seize opportunities, as retained earnings the… Continue reading Accrual Basis Accounting: What it is & Examples Sage Advice US