AG Bookkeeping Services LLC

Free Accounting Software version 2.0 is jam packed with new features. Some of these new accounting software features include: FIFO/LIFO/Average Cost inventory cost accounting methods Receive Inventory without requiring a PO. Create an Invoice without requiring a Quote or Sales Order. Create a Customer Credit Memo on the fly. Create a Vendor Credit without creating a Return PO first! Enhanced Create New Company Wizard. Improved Company Logos for printing on reports. Attach pictures of your items to inventory. Add new States, provinces, countries, items, customers, vendors and more, on the fly Modify reports: hide and show report columns and change headings. Free Accounting Software continues to provide you with all of the great accounting features that you have come to expect from Free Accounting Software. Free Accounting Software is a complete accounting software package. Free Accounting Software is a business accounting software solution that automates most of the as...

There are 3 types of accounting principals: 1. Personnel Account:- debit the receiver and credit the giver, 2. Real Account:- debit what comes in and credit what goes out. 3. Nominal Account:- debit all expenses and losses and credit all gains and incomes

Accounting approaches the world of economic transactions from the viewpoint of Capital Transformation. Accounting books record the source of the Capital and the form it takes after passing through a company's productive & administrative mechanism. Since Accounting wants to capture these two pieces of information (whence the Capital comes - to what it is transformed), it needs two operations - and Accounting has indeed two and two only operations: Credit & Debit. Traditionally we always say "Debit & Credit" and we always put "Debits" to the "left" (of a page) and "Credits" to the "right" (of a page). But causally speaking, the act which the operation "Credit" captures comes first: because Credit shows the source of the Capital, while Debit shows to what the capital has been transformed before. That's why "A Debit must always equal the corresponding Credit". Suppose now that the company's Board ...