Bookkeeping

You always know exactly how much cash you have at a given point in time. For example, when a customer’s payment for the wedding decorations they ordered clears, you add it to your ledger. Say, however, that you waited until today to send out the wedding decorations invoice, and your customer has not yet paid. …

An Ultimate Accounting Guide for Etsy Sellers Read More »

The budgeted balance sheet gives the ending balances of the asset, liability, and equity accounts if budgeting plans hold true during the budgeting time period. Master budget accounting becomes a tool for the management to identify its goals well in advance and channel the organization’s resources towards them. It should be noted that the budget …

Master budget: How to create a budget model that integrates all the sub budgets and components Read More »