Category: Bookkeeping

By automating the process of entering data, you’ll free up time to focus on what matters most – growing your business. Hubdoc helps you to stay organised by allowing you to store all of your documents in one place. So, whether you’re travelling, working from home, or just taking a break, you’ll always know where … Read more

Company ABC purchases the franchise cost $ 500,000 from company XYZ. Please prepare journal entries for franchises for both companies. The company has to recognize the revenue on the income statement base on the allocation of unearned revenue to revenue. The journal entry is debiting amortized expense and credit accumulated amortization. Royalty agreements should benefit … Read more

To help, we’ll detail everything you need to know about the basics of accounting. While managing and interpreting numerical financial data is a significant part of an accountant’s role, they do much more than that. An accountant also ensures regulatory compliance, assists in strategic financial planning, conducts audits, and offers expert advice on tax-related matters. … Read more