Category Archives: Bookkeeping

Free Accounting Templates in Excel

Free Accounting Templates in Excel When making large purchases for items like inventory, supplies, or equipment it may be necessary to do so on credit, which could result in multiple monthly payments made to different vendors or suppliers, due on different dates. Using this accounts payable template will help to keep track of what you owe to…
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What is a contra revenue account?

What is a contra revenue account? A contra account is used in order to better portray the relationship between certain debits and credits within the overall financial structure of an entity. A contra account can be used to remedy an error, to track depreciation of an asset, or to register payments that are not collectible.…
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Debits and credits — AccountingTools

Debits and credits — AccountingTools That’s the question when it comes to QuickBooks Online and QuickBooks Desktop. Lori Fairbanks Lori Fairbanks has years of experience writing and editing for both print and online publications. She now writes for and Business News Daily about financial systems and services for small businesses, such as accounting software,…
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