by ukrugu | Sep 6, 2024 | Bookkeeping
Each time the merchandise is sold, the related cost is transferred from inventory account to cost of goods sold account by debiting cost of goods sold and crediting inventory account. Inventory shrinkage arises from issues like theft, damage, miscounting, or supplier...
by ukrugu | Aug 30, 2023 | Bookkeeping
We explain how to conduct accounting reconciliation, which is the act of comparing and matching records to verify accuracy. Finally, the course explains how to vouch a ledger, which is the process accountants use to examine supporting documentation to ensure...
by ukrugu | Apr 5, 2023 | Bookkeeping
With online bookkeeping services and real human support, Out Of The Box is the expert financial solution your business deserves. We’re as reliable as the mighty Mississippi River, so you can focus on growing your business. When you need help with invoicing,...
