Category: Bookkeeping

They take on matters involving tax credit optimization, multistate and local jurisdiction compliance, and tax research and planning strategy development. They also represent clients during tax audit defense or appeals, as well as offer retirement planning and fraud investigation services. Isler Northwest maintains an affiliation with the Western Association of Accounting Firms. For small and… Continue reading Hire Top Bookkeepers in Portland, OR LinkedIn

The seller refers to the invoice as a sales invoice and the buyer refers to the same invoice as a vendor invoice. A balance on the right side (credit side) of an account in the general ledger. The abbreviation of the accounting and bookkeeping term credit. The accounting term that means an entry will be… Continue reading Debits and Credits in Accounting Overview and Examples

If a company buys supplies with cash, the supplies account (an asset) increases with a debit. The cash account (also an asset) decreases with a credit because money was spent. Credits increase the amount owed in liability accounts, and debits decrease it. When a company takes out a loan, it credits the liability account to… Continue reading What are Debits and Credits in Accounting