Category Archives: Bookkeeping

Once the account has been adjusted or “reconciled,” it’s closed out or marked as final. No one, even bookkeepers, can make changes after they are finished adjusting entries. Filing taxes is one money responsibility that is often outsourced to professionals … Continue reading →

Find the month in your tax year that you placed the property in service in a trade or business or for the production of income. On April 21, 1986, you bought and placed in service a new mobile home for … Continue reading →

We’ll assume that NewCo Sporting Goods has decided to start selling baseball bats in October, starting with a model called the Slugger, and that the company made three purchases, listed in the table below. The cost of goods available for … Continue reading →

Graphically, we can see that fixed costs are not related to the volume of automobiles produced by the company. Sales with a high share of variable costs tend to have lower profit margins after paying fixed expenses of sales with … Continue reading →

Content 4: What Is Accounting? Maintain Financial statements LEGAL REQUIREMENTS BUSINESS PERFORMANCE Don’t forget to create a cash flow statement Types and Users of Accounting Information In addition to helping you manage your business, a budget and forecast can help … Continue reading →

Content Relax about tax Book traversal links for Difference between assets and liabilities Liability See this term in action History of IAS 37 Teaching liabilities Understanding all the information on a balance sheet can be complicated and time-consuming. Our team … Continue reading →

Content Flying Blind in Finance? Turn on the Lights in AP Finance Lease Question Accounting FAQ’s Corporation Tax Manager Chartered Accountant We integrate social media, localised mapping and responsive design across desktop and mobile to create a professional and engaging … Continue reading →

Content Retail POS systems that integrate with QuickBooks Choosing a POS system QuickBooks POS: Best for QuickBooks Desktop Users Best POS Digital Gift Card Systems For Small Business This includes Givex’s web platform for businesses to sell gift cards online, … Continue reading →

In general, reimbursements for moving expenses are no longer excludable from gross income for the employee or deductible by the company. The use of independent contractors entails different reimbursement expense check meaning rules, chiefly as they are paid via Form … Continue reading →

Content How the payback period calculation can help your business Payback Period in Capital Budgeting 4.4.1 Payback period index evaluation How payback period relates to other SaaS metrics Rely on BC Templates 2021 and win approvals, funding, and top-level support. … Continue reading →