How to correctly calculate, report, and reverse accruals
How to correctly calculate, report, and reverse accruals on the balance sheet
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Accruals play an important role when it comes to accounting. They are expenses or revenues incurred over a period in which no invoice was sent or no money changed hands. By learning more about accruals and how they work, you will be able to keep track of your company’s finances more easily. This article explains how to calculate, report, and reverse accruals in an easy-to-understand way.

How to correctly calculate, report, and reverse accruals on the balance sheet
Booking entertainment expenses: The rules
Booking company entertainment expenses
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Most firms organize regular company events - business meals aren’t a rarity either. While selecting the menu plays an important role in the organization of such events, it’s just as important, if not more, to properly record all of your meal and entertainment expenses so that you can file for tax deductions.

Booking company entertainment expenses
Entertainment expenses
Entertainment expenses for accounting and taxes
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Business meals are a significant part of many businesses day-to-day activities. There are many companies out there that spend a lot of money in order to be able to have a nice setting and atmosphere to conduct meetings with clients. This can be to discuss both current and future projects. However, once the bill comes, there is also the important matter of the entertainment expense receipt. Anyone...

Entertainment expenses for accounting and taxes
Sales receipt templates: the easy way to write sales receipts
Writing sales receipts with correct templates
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Writing sales receipts is becoming easier thanks to the numerous templates on offer. Above all, professional software is designed to make accounting as easy as possible. Your sales receipts will be automatically filled out with the necessary information and can be printed straight away. But why do you actually have to issue sales receipts? And which information is mandatory? This article provides...

Writing sales receipts with correct templates
Cash book template
Cash book template: a useful tool for bookkeeping
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You want to fill out your cash book electronically, and need a practical cash book template for it? With 1&1, you can find a free Excel cash book template available for download. You can also learn who must fill out a cash book, which details must be included, and how to fill it out correctly.

Cash book template: a useful tool for bookkeeping
Impairment tests | secure regulations for balance sheets
Impairment test: what is it and when is it needed?
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With impairment tests, IFRS has created an accounting standard that allows companies to create more accurate balance sheets. They can represent impairments correctly in annual financial statements and minimize falsifications. But when are these impairments tests used and what purpose do they serve? There is also some confusion surrounding the topic of goodwill!

Impairment test: what is it and when is it needed?
Good bookkeeping: how to record receipts of transactions
Why are receipts important for good bookkeeping?
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Receipts are among the most important documents in bookkeeping. Bureaucratic processes surrounding holding onto different kinds of receipts, invoices, and documents can seem tedious or even unnecessary. But doing so can pay off – literally. In this guide, we explain why and how to order your documents, the different types of receipts, and the basics of bookkeeping.

Why are receipts important for good bookkeeping?
Online store insurance: what you need to know
Starting an online store—insurance
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Online retail isn’t solely the turf of Big Dogs like Amazon or Walmart—countless small-to-medium sized businesses as well as private individuals also earn their living by selling their goods online. But there’s more to setting up an online store than simply making sure you’re equipped with the latest hardware and software, or have found an excellent hosting provider. When faced with challenges...

Starting an online store—insurance
Registering your company name or trademark
Registering your company name (as a trademark)
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The name of your business is critical for success. A good company name can create a strong brand that will allow you to stand out among the competition. But what happens after you’ve found the perfect name for your company? Read on to find out more about registering a company name and registering a trademark.

Registering your company name (as a trademark)
Register a Small Business
Registering a small business – who needs to do it, and if so what do they need to do?
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Becoming a sole trader or starting a small business is not as simple as coming up with an idea one day and then beginning to trade the next. There are several bureaucratic and administrative things that one needs to do before they can successfully register a small business. In this article, we have gathered together the steps that you need to take to register your small business, including the...

Registering a small business – who needs to do it, and if so what do they need to do?