Arxiu de categoria:Bookkeeping

This recording will also be detailed in the ledger account. ‘In balance’ is such an accounting transaction where the total of the debit and credit matches or is equal. In contrast, if the debt is not equal to the credit, creating a financial statement will be a problem. This entry increases inventory (an asset account), […]

The Source of monetary benefit is credited and the destination account is debited. The concept of debit and credit is much of interest to an accounting student as it is the base for overall commerce study. So, a ledger account, also known as a T-account, consists of two sides. Debit and credit examples Certain types […]

You can check inventory counts at each fulfillment center and set automatic reorder levels, so you are notified when stock is running low. Inventory Days measures the average amount of time in which a company’s inventory is held on hand until it is sold. Days sales of inventory is an important part of proper inventory […]

Medical marijuana accounting is similar to recreational accounting, as both have very strict guidelines in place by the government. The main difference between the two industries is that medical marijuana is only legal for medical purposes, such as to ease the pain of cancer patients, and must be approved by the state and the patient’s […]

If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor. Most cannabis companies now pay an effective tax rate between 60 and 80 percent, according medical marijuana accounting to multiple business owners. Every state that permits cannabis operators has ultra-strict guidelines to monitor the operation “from seed to sale” […]