Bookkeeping

Enter your login credentials for that account, and the software imports recent transactions, usually 90 days‘ worth, and adds them to an online register. Banks have been tightening up their security (which is a good thing), so you may have to jump through a couple of security hoops to get connected. FreshBooks accounting software gives…

Keep your income flowing with the help of flexible payment options, and money transfers in as little as two days. As a self-employed professional, your flexibility is a huge advantage, so you need financial processes that are as flexible as you are. Wave’s accounting software is designed for self-employed people and freelancers like you, and…

At the very top of the working capital schedule, reference sales and cost of goods sold from the income statement for all relevant periods. These will be used later to calculate drivers to forecast the working capital accounts. A higher ratio also means the company can continue to fund its day-to-day operations. The more working capital a…

First, paying yourself (and your family) market rate wages is great for your morale. Something happens in our brain when we know we are making the six-figure salary we deserve. Second, we know lots of business owners who have paid themselves this way through their payroll company (again, not giving you tax advice). They found…

There are pros and cons to every business decision and payroll outsourcing is no different. Before partnering with a full-service payroll provider, employers should make sure the vendor is capable of meeting all of their requirements and has a reliable track record. As mentioned before, these are further areas where a misstep by a payroll…

While some of these terms might not apply to your business right now, it’s important to develop a holistic understanding of the subject in case you expand or move into another type of business. A balance sheet is a snapshot of your business’s financial standing at a single point in time. A balance sheet will…

Book a product demo today and we’ll send you a free gift following your session. Overall, QuickBooks delivers a unified and simplified accounting experience for businesses of all sizes. Business with contractors or employees and have to send invoices to unlimited clients. Individuals or small businesses who quickbooks accountant needs basic accounting in a single…

Content What is Certified Payroll Reporting? Meeting Certified Payroll Criteria – Prevailing Wage What is Certified Payroll Reporting Software How to keep certified payroll reports organized Who Is Exempt from Certified Payroll? Each payroll report must also contain a statement of compliance signed by the contractor, subcontractor, or authorized agent who pays or supervises the…

Content off BPP Books Advance payments and payment processing Shanghai Joint-Venture Life Insurance Company Cash Capacity – How to calculate for your business Is deferred revenue a liability? Therefore, correct financial statements can be prepared directly from the adjusted trial balance. The next chapter provides a detailed look at the adjusted trial balance. Under the…

Therefore, it would recognize 10% or (8,000 ÷ 80,000) of the depreciable base. Company ABC purchased a piece of equipment that has a useful life of 5 years. Since the asset has a useful life of 5 years, the sum of year digits is 15 (5+4+3+2+1). Divided over 20 years, the company would recognize $20,000…