Monthly Archives: June 2012

User Interface Tricks for QuickBooks 2012

Posted on June 20, 2012 by Linda Silva

Using the QuickBooks interface efficiently helps you maximize your effectiveness with bookkeeping and accounting tasks. You can quickly and easily navigate the interface in QuickBooks 2012 with these tips and techniques: You can move quickly to a specific list box…

Tagged with: accounting, bookkeeping, quickbooks, tips
Posted in QuickBooks

Defining the Balance Sheet

Posted on June 18, 2012 by Linda Silva

A balance sheet or statement of financial position is a summary of the financial balances of a business as of a specific date, such as the end of its financial year. A balance sheet is sometimes described as a “snapshot…

Tagged with: assets and liabilities, assets liabilities, balance sheet, depreciation, net worth, statement of financial position
Posted in Bookkeeping, Tips & Tricks

Defining the Income Statement

Posted on June 7, 2012 by Linda Silva

An income statement is a report that is generated for a specific time period of the earnings of a company. It can be generated for a day, a week, a month, a year, or any relevant period of time. The…

Tagged with: accounting, capital assets, cash flow statement, depreciation, earnings, financial performance, gross profit margin, income, income statement, net income, net profit, operating expenses, profitability
Posted in Bookkeeping, Tips & Tricks

Defining Depreciation

Posted on June 5, 2012 by Linda Silva

In bookkeeping, depreciation is a method of allocating the cost of a tangible asset over its useful life. Businesses depreciate long-term assets for both tax and accounting purposes. The mechanics of depreciation are fairly simple. A vehicle is considered an…

Tagged with: depreciating assets, depreciation, depreciation cost, depreciation expense, income, straight line depreciation
Posted in Bookkeeping, Tips & Tricks

The Basics of Credit Card Processing Fees

Posted on June 4, 2012 by Chuck Silva

Merchant services companies exist as an interface between businesses and credit card companies. By managing the processing of the data between the various credit card companies, collecting payments and depositing the monies into the merchant’s account, usually within a couple…

Tagged with: credit card, credit card companies, credit card processing services, gateway fees, merchant services, transaction fees
Posted in Business Finances, Tips & Tricks