Category: Bookkeeping

For others, the necessary effort does not make sense in the context of their overall career goals. Accounting internships undertaken in school do not normally qualify toward experience-based CPA requirements. However, these opportunities still offer considerable professional development and networking opportunities. Many CPAs earn additional certificates to bolster their career prospects. Accountants can pursue certificates…

This will help you view useful information about your business, payroll taxes, and employees. Just like any other liabilities, payroll liabilities are certain amounts that are not being paid by you but you owe it to your particular employees. This also comprises the amount of payroll tax that is kept from the employees. Take control…

Since the volume of transactions is small, there is a general ledger (or posting accounting definition) for all the journal entries that may have transacted over some time. However, if an accountant or bookkeeper make sub-ledgers or T accounts for all. The following example of posting in accounting depicts how journal entries can be posted…

You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Wave deposits money into your…

Поэтому для торговли серебром или инвестиций требуется меньший капитал, чем для инвестирования во фьючерсы. В то же время это может быть недостатком для начинающих инвесторов, имеющих сложности с соблюдением риск-менеджмента. Купить серебряные слитки можно как через банк, так и у частных лиц. При покупке не платится НДС, однако при продаже придется заплатить НДФЛ, в случае,…

Someone who’s new to the profession, for example, may start their rates at $20 an hour, while someone with several years of experience may charge $35 an hour or more. Researching average bookkeeper salaries for your area can give you an idea of what your competitors may charge. It’s possible to start a bookkeeping business…

QuickBooks Pro does not provide the mobile applications being locally-installed system, the QuickBooks Online offer features advantageous with both Android and iOS apps. Compared with QuickBooks, Xero’s plans and pricing structure are simpler and less expensive. Like QuickBooks, Xero offers a free 30-day trial or discounted pricing for the first few months of use. QuickBooks…

Companies may return a portion of stockholders’ equity back to stockholders when unable to adequately allocate equity capital in ways that produce desired profits. This reverse capital exchange between a company and its stockholders is known as share buybacks. Shares bought back by companies become treasury shares, and their dollar value is noted in the…

The balance sheet, income statement, and cash flow statement are foundational to the financial reporting of any company. Enron, WorldCom, and Lehman Brothers are some of the top known cases of fraud but there are others. The company also said that it would restate those financial statements, admitting to its improper calculation of cost of…

Extra debt may lead to financial problems if the debt cannot be paid (debt-to-equity ratio). Let’s not forget to mention one of the biggest benefits of borrowing money is that it is tax-deductible. Interest expense is the price that someone pays in exchange for borrowing money. This is helpful to business owners as it provides…