THEME: CLIENT WRITE-UP - Real Life Accounting
Copyright © 2008 John W. Day 3 clients appreciate learning about how accounting works in their business as long as I don’t overwhelm them with details.
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THEME: CPAs vs. NON-CPAs - Real Life Accounting
www.reallifeaccounting.comCopyright © 2008 John W. Day 1 THEME: CPAs vs. NON-CPAs By John W. Day, MBA ACCOUNTING TERM: Certified Public Accountant (CPA) In the United States a Certified Public Accountant (CPA) is a person who has been
RLA Article Payroll - Real Life Accounting
www.reallifeaccounting.comCopyright © 2008 John W. Day 3 Payroll Clearing 6,135.00 To record payroll for xx/xx/xx Here is the example for employer payroll taxes:
THEME: S CORPORATIONS - Real Life Accounting
www.reallifeaccounting.comCopyright © 2008 John W. Day 1 THEME: S CORPORATIONS By John W. D ay ACCOUNTING TERM : S Corporation Here is a good definition of an S Corporation from the Nolo website:
THEME: UNDERSTANDING EQUITY ACCOUNTS
www.reallifeaccounting.comCopyright © 2008 John W. Day 1 THEME: UNDERSTANDING EQUITY ACCOUNTS By John W. Day, MBA ACCOUNTING TERM: Equity Equity is the difference between assets and liabilities as shown on a balance
RLA Article Accounting for Inventory
www.reallifeaccounting.comCopyright © 2008 John W. Day 1 THEME: ACCOUNTING FOR INVENTORY By John W. Day, MBA ACCOUNTING TERM: Inventory Inventory can …
RLA Article Liquidating a Sole Proprietorship
www.reallifeaccounting.comCopyright © 2008 John W. Day 4 You pocket the cash 2,500: DESCRIPTION DEBIT CREDIT Owner’s Draw 2,500 Cash 2,500 The only remaining asset is that deposit you have with the landlord.
RLA Article Startng or Buying A New Business
www.reallifeaccounting.comCopyright © 2008 John W. Day 1 THEME: STARTING OR BUYING A NEW BUSINESS By John W. Day, MBA ACCOUNTING TERM: Amortization Amortization is the process of spreading the cost of intangible assets over a
THEME: BUSINESS DISPOSITIONS - Online & E …
www.reallifeaccounting.comCopyright © 2008 John W. Day 2 Usually, the seller is required to: 1) publish a notice of the sale; 2) give written notice to all creditors; and, 3) set up an escrow ...
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THEME: CPAs vs. NON-CPAs - Real Life Accounting
www.reallifeaccounting.comCopyright © 2008 John W. Day 2 In addition, only a CPA can prepare a reviewed financial statement. The review process is less involved than an audit but some testing ...
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