Entries by ICD

What’s Digital Trust? Definition From Whatis Com

Indeed, “81% of customers lose belief in a brand after a breach, whereas 25% fully cease interacting with it,” McKinsey reported in February 2022. Impartiality means acting fairly and equitably in its dealings with folks and in all business operations. The confidence customers have in individuals, technology and processes’ capability digital trust technologies to create […]

Accounting for Purchase Discounts Entry, Example, and More

The downside of course is that the business must make payment earlier (10 days instead of 30 days in the above example) and will lose the use of the cash for an extra 20 days. The business pays cash of 1,470 and records a purchase discount of 30 to clear the customers accounts payable account […]

Purchase Discount Journal Entry Example

If the company does not avail of a trade discount, the subsequent journal entry would be to Debit – Accounts Payable and Credit – Cash/Bank. Gross purchase is the total amount of purchase made by the company before deducting purchase returned, any allowance, and discount either the discount from the trade or cash discount. Furthermore, […]

Sign up for ProAdvisor and QuickBooks certification courses

Intuit reserves the right to accept or decline any QBOA firm. Master the latest QuickBooks tools so your clients always have an expert to turn to. Yes, all interested individuals can take the ProAdvisor exam after registering for it and completing all the essential modules. If you pass the 80-question exam with a score of […]

Веб-программирование Серверные скрипты

Если у людей есть хороший сценарий продаж, они на самом деле лучше слушают, а не хуже. И то, что на этой основе базируется – готовые речевые модули, которые, в идеале, прописываются с учетом Фреймворк знания психологии, специфики бизнеса и практики самых успешных продавцов. Любой из видеороликов – будь то реклама, интервью, мнение эксперта, видео о […]

Quickbooks Online Vs Desktop

Of course, it is safer to first check if QuickBooks accepts payment in the currency you deal with. In this article, we will discuss what QuickBooks is and how it works so that you can understand the different ways in which it can help you save time and be on top of your financial statements. […]

What is QuickBooks? A Complete Small Business Guide

QuickBooks Online offers more features on the go and is a better overall value than QuickBooks Desktop. If you don’t need the advanced features offered by the Desktop plan, the Online version will save you money. QuickBooks Desktop is a good choice if you need specialized features such as inventory tracking or forecasting, and you […]

QuickBooks Online Review 2024: Features, Pros & Cons

QuickBooks Online starts at $25 per month for the Simple Start plan, which is ideal for sole proprietors and freelancers. QuickBooks integrates with a wide variety of other software, including point-of-sale systems, e-commerce platforms, and customer relationship management (CRM) tools. These integrations allow you to sync data across platforms seamlessly, reducing the need for manual […]

Fundamentals Accounting for Governmental and Nonprofit Organizations Training Program

Government-wide financial reporting is a critical aspect of transparent and accountable financial reporting for state and local governments. It provides stakeholders with a comprehensive view of a government’s financial health and activities. This module outlines the steps involved in preparing the government-wide Statement of Net Position and the government-wide Statement of Activities from trial balances […]

Nonprofit Accounting Basics: Understanding Fund Accounting, Financial Transparency, and Reporting

They’ll help make sure government and nonprofit accounting all best practices and internal controls are implemented, ensuring smarter finances. These are (as the name states) general principles accepted by accountants in all sectors. These guidelines are set by an organization called the Financial Accounting Standards Board (FASB). This helps determine the next best steps for […]