Archive for the - Bookkeeping

When do you adjust the amount of prepaid expenses? Once adjusting journal entries are posted to accounts and the balances are updated, the next step is to complete an adjusting trial balance. The adjusted trial balance is simply a listing of all accounts and their balances after adjusting entries are completed. An expense deferral occurs […]

If you hire self-employed bookkeepers from another country, you can also experience major cost differences. For example, a freelance bookkeeper located in India or other low-cost countries can charge less for their services compared to an independent bookkeeper in Europe or Canada. Self-employed bookkeepers can charge clients $35 or more per hour. For example, the […]