Bookkeeping

Only income statement accounts help us summarize income, so only income statement accounts should go into income summary. The income summary account is an intermediary between revenues and expenses, and the Retained Earnings account. It stores all of the closing information for revenues and expenses, resulting in a “summary” of income QuickBooks or loss for […]

Beyond your time, additional costs are crucial in setting a fair retainer fee. These may include software subscriptions, tools, or other resources required to complete the tasks. For example, a content writer may need tools like Grammarly, project management software like how does a retainer fee work Trello, and subscription-based research platforms. A designer might

Filling out a deposit slip can be a daunting task, especially if you’re not familiar with the process. Each bank has its own set of rules for deposited funds, called a funds availability policy. You can use the preprinted deposit slips that come with checks you purchase or counter deposit slips furnished by your bank.