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Double-entry accounting, explained simply and briefly

When a company pays a six-month insurance premium, the company’s asset Cash is decreased and its asset Prepaid Insurance is increased. Each month, one-sixth of the premium is recorded as Insurance Expense and the balance in Prepaid Insurance is reduced....

How Much Does a Bookkeeper Cost? Don’t Do It Yourself

Outsourcing your bookkeeping to an external bookkeeping service like Enkel is a great option if your business is growing, but lacks the resources for a full-time bookkeeper. The cost of hiring an in-house bookkeeper varies with location, expertise, and time...