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Balancing assets, liabilities, and equity is also the foundation of double-entry bookkeeping—debits and credits. Accountants call this the accounting equation (also the “accounting formula,” or the “balance sheet equation”). To calculate the accounting equation, we first need to work out the amounts of each asset, liability, and equity in Laura’s business. The accounting equation shows …

Balance Sheets 101: Understanding Assets, Liabilities and Equity Lire la suite »

GoDaddy Bookkeeping’s client records don’t allow for as much detail as some competitors like Zoho Books allow. You can provide company names and billing addresses, along with an hourly rate, multiple contacts, and a shipping address. The site also contains generic contact templates that you can use for anyone. GoDaddy Bookkeeping Essentials’ time-tracking features are …

The Best Small Business Accounting Apps Lire la suite »

Once all your details have been filled in, your company name will appear at the top right. GoDaddy is best known as a reliable and affordable domain name provider. What most people don’t realize is that they also offer a way to balance the books. Syncing all payment channels provides complete visibility over cash flow …

Online Bookkeeping Lire la suite »