We use top-of-the-line tools like QuickBooks to improve your processes so you can be sure that your books are always in order. A trust account is a special bank account where client funds are kept safe and in a separate account from law firm operating…

Contra accounts play an important role real estate cash flow in accounting by helping businesses track certain aspects of their finances more accurately. For example, contra revenue accounts can be used to track the full cost of sales less any discounts or returns. It can…

Because every transaction has a dual effect with each debit having a corresponding credit and vice versa. Accounts that normally have a debit balance include assets, expenses, and losses. Examples of these accounts are the cash, accounts receivable, prepaid expenses, fixed assets (asset) account, wages…