Bookkeeping Services For Startups

When you have a Small Business Plus plan or higher, you get unlimited online support. All plans come with onboarding, a dedicated bookkeeper and account manager, reconciliation at month-end, balance sheet, P&L, statement of cash flows and a portal startup bookkeeping services with document storage. Higher-tiered plans unlock more transactions and a more frequent service […]
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Outstanding Checks: What They Are and Why They Matter

Once you’ve figured out the reasons why your bank statement and your accounting records don’t match up, you need to record them. There’s nothing harmful about outstanding checks/withdrawals or outstanding deposits/receipts, so long as you keep track of them. If you do your bookkeeping yourself, you should be prepared to reconcile your bank statements at […]
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Prepaid Expenses Meaning Example Entry Quiz & More .

The period’s cost of the asset (expense) will be reflected on the income statement as that, an expense. The deduction of that amount will reduce the balance sheet’s assets for the same amount. A financial automation software solution can do the work for you so that you can ensure nothing slips through the cracks. At […]
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Normal Account Balance: Meaning, Definition, Accounting

In the general ledger, accounting entries go on the left or right. The left represents the debits in that account, while the right gets the credit transactions. Normal account balances help understand the origin of an account. Similarly, it helps classify that account under the relevant financial statements. An abnormal balance can indicate an […]
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Difference Between Shareholders and Stakeholders with Comparison Chart

Not only business doing entity have stakeholders, but every organization irrespective of its size, nature, and structure are accountable to Stakeholders. Shareholder is a person, who has invested money in the business by purchasing shares of the concerned enterprise. On the other hand, stakeholder implies the party whose interest is directly or indirectly affected by the […]
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What Are Dividends? How Do They Work?

At Deskera, we will explain all of these steps in detail so you can make well-informed investment decisions. The amount of the dividend per share must be determined before it can be recorded in the P&L. This amount depends on whether the dividend is classified as a cash or stock dividend, whether it is a […]
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