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Bookkeeping 101: A Simple Guide to Getting Started VIDEO These lessons use the analogy of water pipes and tanks to explain accounting methods to provide an intuitive understanding of how money moves around a simple, connected system. Register here to study for the CGMA Professional Qualification using the CGMA Finance Leadership Program guided learning and […]
Last In First Out LIFO TaxEDU Glossary Different warehouse management methods are used for this purpose, the FIFO method being one of the most common and offering great advantages in the management of warehouse inventory. The LIFO Reserve is the difference between the inventory costs calculated under the Last-In, First-Out (LIFO) method and those calculated […]
Law Firm Accounting & Bookkeeping A 2025 Guide These are detailed accounts for each client, tracking all financial activity related to their case. Ledgers include retainer fees paid, billable hours worked, expenses incurred on the client’s behalf, and invoices sent. From court filing fees to office supplies, tracking every expense ensures accurate tax deductions, proper […]
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