Category: Bookkeeping

If you use QuickBooks during the year, all you need to do at tax time is print your financial statements. Better yet, with QuickBooks Online, you can invite your tax…

That’s right, i completed my tax returns but want to double check an entry how can i do this a virtual bookkeeper, as they should be able to handle this…

Managing burn rate isn’t just a financial exercise—it’s a core part of your startup’s growth strategy. You’ll have to calculate and monitor this metric to define your trajectory and keep…

The accounting industry thrived in the late 1990s due to the expansion of large accounting firms into various forms of consulting. The Enron scandal in 2001 resulted in major changes…

In 2012, a video game of the same name was released alongside the first film for the DS, Wii, and 3DS. Most of the principal cast from the film reprised…

Vanellope’s glitching interferes with King Candy’s code and reveals that King Candy is actually Turbo in disguise, having somehow escaped his game before it was unplugged, much to the shock…

You will have to use .NET filereferences instead of project references. This is inconvenientbecause you need to delete and recreate the references (or delete thecopied component from the build directory)…

Certain tax deductions may reduce the taxable estate below the taxable limit, and property or assets left to the husband, wife or civil union partner or the decedent are not…

Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score…

Use step one to calculate the Combined Multi-Step Multi-Entity Multi Step Income Statement Combined Operations. Using the Multi-Step Multi-Entity Statement by Parent Company or Multi-Level Multi-Entity Statements by Subsidiary. Use…

Manufacturing cost accounting has many gray areas, which is where manufacturing accounting software can be a big help. Efficient cost management in manufacturing is like having a well-oiled machine; it…

I look at the dashboard and know how many invoices are on the way, when they should be paid, and the average time it takes someone to pay. It keeps…

It gives a fast overview of how much debt a firm has in comparison to all of its assets. Because public companies must report these figures as part of their…

This is something you’ll probably come to realize when you try to re-sell the item—in most cases, you won’t get the same price you originally paid. If you run a…

Meaghan Senn is a writer from North Carolina with experience in B2B, technology and digital marketing topics. Throughout her career, Meaghan has worked with B2B, software estimated useful life and…

Most modern workflow management software solutions are equipped with advanced analytics modules to help you monitor your workflow and analyze your results. Some of the most valuable tools are the…

While you’re transporting goods, our team will handle the daily work to keep your financials accurate and up-to-date. Avoid the struggle of remembering what expenses were for from weeks prior…

The latest available tax rates are for 2023, and the Illinois income tax bracketshave not been changed since 2022. Married couples filing jointly with an adjusted gross income (AGI) over…

Let’s say that a full-time weekly schedule in your company is 40 hours per week, and your employees are scheduled with 40 hours of work a week (which makes them…

See section 164(d) for information on apportionment of taxes on real property between seller and purchaser. For more details on the uniform capitalization rules, see Regulations sections 1.263A-1 through 1.263A-3.…

While you love what you do, getting paid for your hard work is also a benefit of being a child care business owner. To get paid for your childcare services,…

Although accounts receivable, accounts payable and payroll do impact your books, some of these tasks can be managed by a person in your company other than your bookkeeper. Others, like…

To maintain certification, you need to earn at least 60 continuing education credits every three years. The on going support has taken a massive weight off my shoulders when it…

The only time a contingent asset can be recognized in the statement of financial position is when it is VIRTUALLY CERTAIN that the inflow of benefits will happen. Another important…

The purpose behind preparing the bank reconciliation statement is to reconcile the difference between the balance as per the cash book and the balance as per the passbook. An outstanding…

Accruing revenue is vital for service businesses that typically bill clients after work has been performed and revenue earned. An accrued expense is an expense that has been incurred before…

If the present balance is $0, the journal entry will be a debit of $10,000 to Bad Debts Expense and a credit of $10,000 to Allowance for Doubtful Accounts. Use…

Here’s what you can do to gain the skills necessary to get started. According to the US Bureau of Labor Statistics (BLS), the median salary for bookkeepers in the US…

When it’s paid, Company ABC will credit its cash account for $500 and credit its interest payable accounts. For example, imagine a business buys some new computer software, and 30…