Professional bookkeeping services help you produce useful reports to make decisions. Which includes financial reporting, data entry, record keeping, reconciliations and reporting. Consider a small retail business that struggled with managing its finances manually. The owner spent hours each week tracking expenses, reconciling accounts, and preparing financial reports. This time-consuming process diverted attention from other […]

Ifthe debit column were larger, this would mean the expenses werelarger than revenues, leading to a net loss. You want to calculatethe net income and enter it onto the worksheet. The $4,665 netincome is found by taking the credit of $10,240 and subtracting thedebit of $5,575. When entering net income, it should be written inthe […]