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Navigating the World of Bookkeeping for Marketing Agencies

Steve Feinberg

This means that every transaction is recorded as either an expense or credit, and takes less fluid assets and liabilities into account, such as equity, loans, tax burden, etc. For example, if your agency takes out a $5,000 loan, the cash (asset) account is debited to $5,000, and the outstanding debt (liability) account is credited $5,000.

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10 Friday AM Reads

The Big Picture

And it’s not just Reddit — digital media from newsletters to TikTok are also playing a role. ’ ( Rolling Stone ) Be sure to check out our Masters in Business interview this weekend with Maria Vassalou, Chief Investment Officer of Multi-Asset Solutions at Goldman Sachs Asset Management. Here’s Where They Lurk.