Category Archives: Bookkeeping
Step 1: Generate Ideas
When we have an idea, we tend to stick to it, but it’s unlikely that [...]
What Is Static Budgeting? Vena
It provides an opportunity to evaluate whether the assumptions made during budget preparation were accurate [...]
What is Static Planning Static Budget
Static budgets are crucial for organizations aiming to maintain control over fixed expenses and ensure [...]
The Ideal Budget Period: Static Budgets: Timeframe Explained
While static budgeting offers a straightforward approach, it is the dynamic budgeting process that provides [...]
What is the difference between cash and accrual accounting?
As the expenses are incurred the asset is decreased and the expense is recorded on [...]
Adjusting Journal Entries in Accrual Accounting Types
Understanding accrued expenses is essential for sound financial management. Accurate financial reporting depends on matching [...]
Income Summary Definition, Purpose, How to Close
As we mentioned in the beginning, the Income summary account is also a temporary account. [...]
Who We Are Wright Ford Young & Co CPA Irvine, Orange County, CA
They can also set up Quickbooks, offer consultations, plan and prepare taxes, and work within [...]
Cash Flow Statement Analysis: How to Read and Understand Your Cash Flow Statement
In the cash flow interpretation, the accrual accounting counts income when it’s earned, not when [...]
Bookkeeping Find a Bookkeeper For All Your Bookkeeping Needs
We’re passionate about helping small and mid-sized businesses reach financial success! For over 25 years [...]