What Is Outsourced Bookkeeping? Costs, Pros, Cons

Some of these services include forecasting and planning, management reporting, board presentations, financial analysis, strategic analysis, and others. Along with the three main services, KPMG Sparks also helps you track your expenses and even lets you generate and send professional invoices to your clients. If you are looking for a simplified online bookkeeping solution, Merritt…

Adjusting Journal Entry Overview, Types, Examples

The costs of the supplies not yet used are reported in the balance sheet account Supplies and the cost of the supplies used during the accounting period are reported in the income statement account Supplies Expense. Income statement accounts that may need to be adjusted include interest expense, insurance expense, depreciation expense, and revenue. The entries…