Each entry is recorded in two columns, with debit postings on the left and credit entries on the right of the ledger. Companies can maintain ledgers for all types of balance sheet and income statement accounts, including accounts receivable, accounts payable, sales, and payroll. Transactions from subsidiary ledgers are periodically summarized and transferred to the […]
You can think of an account as a notebook filled with business transactions from a specific account, so the cash notebook would have records of all the business transactions involving cash. A general ledger is the foundation of a system employed by accountants to store and organize financial data used to create the firm’s financial statements. Transactions […]
Generally my mindset when it comes to my influencer business is that if I have to spend money on something necessary to the growth of my business, I will just make more money. That’s the beauty of the influencing business; there is always the opportunity to make more money, especially with pitching. From my own […]
In kind products and services that have a value and are exchanged for social media promotion must also be included in your revenue. Over the years, he has earned several awards and received many recognitions as well. Boomer Technology Circles and the Boomer CIO Circle, that offers learning opportunities to professionals. In the past, he […]