Since different types of entities use different types of accounts, there is no one single chart of accounts template that would be applicable to all businesses. Each account in the chart of accounts is usually assigned a unique code sample of chart of accounts by which it can be easily identified. This identifier can be
Learn moreWhat is an outstanding check and why is it included in preparing a bank reconciliation?
First, make sure that all of the deposits listed on your bank statement are recorded in your personal record. If not, add the missing deposits to your records and your total account balance. When you reconcile your January books, you will notice that $500 is missing from your January bank statement. If you find any
Learn moreBoilerplate Definition & Meaning
Boilerplate can be any text that is reused repeatedly without substantial changes to the original. Boilerplates are commonly used online and in written documents by a variety of entities including corporations, legal firms, and medical facilities. For lack of a better term, the boilerplate is your best bet for getting your press release noticed by
Learn moreOutsourced Bookkeeping Services With SLC Bookkeeping
He is very efficient in doing my taxes in a timely manner and available to me for questions at any time. I finally just handed him all the invoices which he organized into a spreadsheet so I could track my costs and profits from month to month. Now I use his spreadsheet monthly and keep
Learn more
