Category: Quickbooks

Accounting

The Boutique Advantage: Scalable HR and Financial Solutions for Businesses

As a boutique consulting firm, Pacific Crest Group is more than just an outsourcing partner. We specialize in helping Bay Area businesses in fields such as nonprofit, healthcare, and construction achieve sustainable growth by providing personalized, hands-on consulting in finance and HR. We embed ourselves into your team, bringing tailored expertise that supports your immediate and long-term goals.

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Mastering the Chart of Accounts – Part 2: Balance Sheet Accounts: Assets, Liabilities, and Equity

The balance sheet is typically used to calculate the net worth of the business, and includes liabilities, cash, and equipment. A basic tenet of double-entry bookkeeping is that the total assets (what the company owns) should equal the liabilities plus equity, i.e. the books should balance. Subtracting the liabilities form the assets reveals the net worth of the business.

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Mastering the Chart of Accounts – Part 1: Income and Expense

Understanding the types and hierarchy of the line items in your chart of accounts will make it easier to maintain clean books, and use your accounting software properly. The chart of accounts categories fall under a few basic groups: income and expense, assets, liabilities and equity accounts.

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