I’m an accounting rookie. I have a small business with some fixed assets for furniture and equipment, which I need to revalue. If I Cr that asset account for "Furniture", what would be a typical offsetting Dr entry?

Do I like Expense it as "Devaluation" or something. Or if I’m totally an idiot, please just tell me what people usually do.
Help is appreciated.


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    like learn to be able to read financial report, doing taxes for small business etc… something general. Not hardcore accounting like the Chartered Accountants. Any good books out there? also how do you learn about law as well without studying law at law school? like about business contract law, etc… law related to business matters. Thank you.


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      Hello everyone,
      I am the owner of a small business and I am looking to outsource my companies bookkeeping, accounting, and data entry.


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        Hello everyone,
        I am the owner of a small business and I am looking to outsource my companies bookkeeping, accounting, and data entry. I am wondering if anyone has experience on this matter and can provided some insight on what accounting software is best to use when outsourcing, what website is best to hire from, and any other insights you can think of?

        Thank you in advance


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        What is the best budgeting software for a personal budget & small business budgeting? I am looking to create budgets for both, my personal finances & a small business. Any constructive thoughts or advice would be highly appreciated. Thank you!


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