Month: November 2023

While that may be packaged into their final bill, you (as the business owner) need to keep track of your inventory to make sure that you always have cleaning supplies on hand. This makes simultaneously managing multiple customers and employees a breeze. At a glance, you’ll be able to see client accounts, services rendered, unfinished …

Looking For A Maid Service Bookkeeping Service? YetiBooks Read More »

The reversing entry reflects the matching principle, which is based on the time period concept. We recognized the expense in October by making an adjusting journal entry. Most of the bookkeeping software such as QuickBooks have a module to record revenue, expense and other routine transaction. However, the adjusting entries require accountants to manually selected …

Reversing Entries: Definition, Purpose and Examples Read More »