Accounting Basics & Book keeping
Accounting Knowledges
- Understanding Profit and Loss (PnL) Statements
- What is the difference between Inventory Asset vs COGS?
- How to Treat Inventory in Cash-Based and Accrual-Based Accounting
- What impact does COGS (and my COGS %) have on taxes?
- Chart of Accounts - What is the "Supplies" expense account used for?
- Can you explain how Sales and Accounts Receivable are recognized when I invoice my customer?
- How do I create invoices in Quickbooks to send to my customers?
- Are shipping expenses part of my Inventory/COGS or operating expenses?
- My Amazon/Shopify Receivables balance looks high. What could be driving that?
- Where can I find a sales report in Shopify?
- Accrual-based accounting method and its double-entry ledger system
- Introducing Factor Financing Lenders and Their Services
- Chart of Accounts and IRS Expense Categories
- In QBO, how do I set up Products/Services for invoicing my customers?
- Fixed Assets Depreciation: What Method Does Pocket Use to Depreciate Fixed Assets Such As Computers
- Understanding Amortization for Startup and Organizational Costs
- Where can I find a payout report in Shopify?
- Are warehouse, freight, and fulfillment costs part of my Inventory cost or are they Operating Expenses?
- Does Pocket complete monthly reconciliations?
- How do I provide Accountants access in QBO to Pocket?