Category Archives: Bookkeeping

We believe everyone should be able to make financial decisions with confidence. You started a homemade chocolate company called ChocoZa in the year 20X6. The Net Income (Net Loss) and dividends are paid below for the years 20X6-20X9. The third line should present the schedule’s preparation date as “For the Year Ended XXXXX.” For the word […]

TriNet can handle all payroll tax administration for you, offering the option to outsource your payroll function to its PEO service. When you do, its team of HR experts not only manage your payroll and tax administration, but also offer consulting and problem resolution. Team members can use a web browser or the Gusto Wallet […]

Since accumulated depreciation offsets your asset account, it’s considered a contra asset with a credit balance. We’ll explore what accumulated depreciation is, how to calculate accumulated depreciation, and some examples of common fixed assets where accumulated depreciation is used. The accumulated depreciation maintains a historical record of all depreciation expenses, while the depreciation recorded in […]