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 [...]