Category Archives: Bookkeeping

There’s good news for business owners who want to simplify doing their books. Business owners who don’t want the burden of data entry can hire an online bookkeeping service. These services are a cost-effective way to tackle the day-to-day bookkeeping so that business owners can focus on what they do best, operating the business. For […]

It’s easy to loop in your accountant and, unlike some competitors, it can scale to meet a growing business’s changing needs. Next, you can customize invoices, set up automatic sales tax tracking (if necessary) and learn how to enter mobile receipts and bills. You can edit all of your business’s account settings using the gear […]

This is because creditors – parties that lend money such as banks – have the first claim to a company’s assets. For example, an increase in an asset account can be matched by an equal increase to a related liability or shareholder’s equity account such that the accounting equation stays in balance. Alternatively, an increase […]

Bookkeeping qualifications do not include formal certifications or licenses. However, certified professionals may enjoy advantages in the job market. Most employers prefer hiring new bookkeepers what is a bookkeeper? who will learn from more senior professionals. Recently hired bookkeepers should expect to receive around six months of guidance and even classroom training when they start […]

We’ll transfer your data for you with QuickBooks Payroll Elite. With QuickBooks Payroll Premium, you’ll transfer your own data but we’ll review to make sure everything is correct. Find help articles, video tutorials, and connect with other businesses in our online community. We will help you transfer any existing payroll information to QuickBooks. Now that […]

Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years. The fraud was perpetrated in an attempt to meet predetermined earnings targets. In 1998, the company restated its earnings by $1.7 billion – the largest restatement in history. Recognizing their differences sharpens financial insights […]

Anything that can be used productively to general sales for the company can fall into this category. Current assets are considered short-term assets because they generally are convertible to cash within a firm’s fiscal year. They are the resources a company needs to run its day-to-day operations and pay its current expenses. Current assets are generally […]

The period of time could be one year, one month, three months, 13 weeks, or any other time interval chosen by the company. These different types of users also rely on financial accountants to make sure that the financial statements are as accurate and comprehensible as possible. The textbook adequately refers to the international accounting […]

Say goodbye to mountains of documentation and tedious manual data management—we automate inputs directly from your linked accounts. Get insights from one centralized dashboard so you can effortlessly understand your brokerage’s financial standing and make strategic decisions. With Bench Accounting, insurance brokers can focus more on policies and less on paperwork. All of the practices […]

Your bank or credit union should provide a 1099-INT form each year reporting taxable interest payments made to your account. If you don’t receive this form, you still must report taxable interest alongside your income when doing your taxes. And because MMAs are not tax-advantaged, everything you contribute is post-tax earnings. Connexus Credit Union dividends […]