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Bookkeeping Archives - REDBRIDGE
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Bookkeeping

Debit vs credit card: Key differences & when to use each When we need to increase the account, we must record it on the credit side, and when we need to decrease the account, we shall record it on the debit side. Moreover, this increase...

The report is also used by investors and analysts to assess a company’s financial health and to make informed investment decisions. SG&A is an essential metric for investors, as it helps to measure a company’s efficiency and the effectiveness of its operating model. The benchmark...

Fiscal Year FY Meaning, Examples, Why use Fiscal Year? All income and expense must be accurately recorded in their correct accounts and all accounts must close in a solvent condition. Many retailers adopt a fiscal year from January 1 to December 31 to analyse sales data...

Why do I owe state taxes? Understanding state vs federal tax obligations If you’re running a business in multiple states, know which ones roll and which ones freeze. Some U.S. states, like Texas, Florida, and Nevada, among others, do not levy a state income tax. While...