In this article, we see what drawings imply, a brief explanation of debit and credit, whether drawings are debit or credit, and their journal entries. When a financial transaction occurs, it affects at least two accounts. For example, purchase of machinery for cash is a financial transaction that increases machinery and decreases...

Successfully implementing a budget for non-profit organizations requires systematic effort. Including these costs in your calculations provides a more accurate picture of program sustainability. See how the online fundraising market is changing, what nonprofits are doing, and how you can adapt your strategies for sustainability and growth. It publishes detailed...

ContentWays to Fully Utilize Bookkeeping in EcommerceWhat is E-commerce Bookkeeping?How is ecommerce accounting different than traditional accounting?business day email response timeThe Gen Z Effect: Redefining Social Commerce in the Era of “Digital Natives”Planning for growth The online world will always debate the role of ecommerce accountants; some believe traditional accountants...