Bookkeeping

Writing a receipt for a cash sale is virtually the same process as writing a receipt for an item bought with any other type of purchase method. This helps you keep track of your receipts and adds a personal touch for your customers. This can be useful for record-keeping, tax…

After we post the adjusting entries, it is necessary to check our work and prepare an adjusted trial balance. If you look in the balance sheet columns, we do have the new, up-to-date retained earnings, but it is spread out through two numbers. If you combine these two individual numbers…