Contingent Liabilities Examples Top 8 Most Common List
The entry should include a debit to the appropriate expense account and a credit to a liability account. Contingent liabilities can arise from a variety of circumstances, including pending litigation, product warranties, environmental issues, and government investigations. It is important for companies to assess and manage their contingent liabilities to minimize potential risks and uncertainties. […]
Accounting for Startups The Ultimate Startup Accounting Guide
It’s also important to compare your bank statements with the general ledger to Certified Bookkeeper ensure every bank transaction has a corresponding ledger entry. Most accounting software provides an online ledger and automatically creates a ledger entry when you create an invoice or pay a bill. Another common method is accrual basis accounting, where you […]
TurboTax® Free Edition: Free Online Tax Filing
The best thing you can do is QuickBooks get started on your taxes as soon as possible. Gather all necessary documents before beginning, and even take advantage of early-bird pricing when available. Hand off your taxes to an expert matched to your unique needs, who will get to know you and your tax situation. Popular […]