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Accrual vs Accounts Payable: What’s the Difference?

Payroll accruals are the tool we use to find a balance between the two. To accrue a payroll amount is to record it as an expense to the company prior to the monies actually being made available to the employee. The related expenses and the liabilities for the...

How to Become a Bookkeeper A Complete Guide

According to the US Bureau of Labor Statistics (BLS), most bookkeepers can learn the profession’s basics in about six months [3]. Once you become a qualified bookkeeper, you can work as a permanent employee or freelancer. A bookkeeper checks for errors when...

The Difference Between Stock Splits & Stock Dividends

The amount moved between the two accounts is determined by whether the dividend is a small stock dividend or a large stock dividend. A small stock dividend is one in which the number of shares issued is less than 25% of the total number of shares outstanding before...