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Alpha Teach Yourself Bookkeeping in 24 Hours by Carol Costa

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Hour 9

Paying the Bills

Chapter Summary

In this hour you will learn about…

  • Managing Accounts Payable
  • Sales tax reports
  • Loans and accrued expenses
  • Prepaid expenses
  • Credit ratings

Paying the bills each month is not what most people look forward to doing. Receiving money is a lot more fun than paying it out. Still, in order to keep your household or business running smoothly, you must protect your assets by staying current on your liabilities and expenses.

 

You may have heard the term overhead in connection with a business but it also applies to households. Another term that is synonymous with overhead is operating costs. Operating costs for a household will include things like rent and utilities and any other expenses for things that are necessary to keep ...

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