Category: Bookkeeping

By being proactive with your bookkeeping, you’ll save your small business time when it comes to taxes. Simply turn your financial statements over to your CPA or other tax filings expert, and let them handle the rest. If you plan on growing your business in the future, you’ll probably want to get used to using…

This ensures you’re getting the best support and advice on a range of financial matters, from tax planning to financial forecasting and budgeting. We employ a dedicated team approach to guarantee consistent and reliable support, even in unforeseen circumstances. Your team comprises four highly skilled professionals collaborating closely to manage your accounting needs. External accounting…

Direct deposit involves the transfer of payments from a business or government agency to a consumer. Your employer might offer direct deposit, and the government uses it to disburse Social Security benefits and federal tax refunds. Nearly every financial institution has a cutoff time for transfer requests; respecting those will help your money arrive on…

It could be that the cheaper lumber has more knots, therefore forcing workers to throw more of the raw materials in the scrap heap. The responsible managers (e.g. purchasing and production) will have to get together to do more observations and research. It may also be that our expectations are unrealistic and we need to…

Even as a beginner, you’ll get the gist of automating workflows easily, such as setting up a new client, adding a new bill, creating a project estimate, and sending an invoice. Meanwhile, as free software, Wave is one of the easiest-to-use accounting programs on the market. When setting up your account in Wave, you’ll start…

FreshBooks is a super-easy-to-use accounting software built specifically for small business owners, letting you easily do everything yourself. However, when it comes to using all the tools available to you as a small business owner, your accountant should definitely be part of your toolbox. You can import expenses from our expense tracker by uploading a…

Successful accountant consultants have strategies to navigate these hurdles despite the inherent challenges. Accountant consultants are exposed to various projects and clientele, which keeps their work exciting and diverse. They encounter complex situations that require innovative solutions, ensuring their work is far from mundane. Assurance services are another critical area where these professionals provide unbiased…

To create a COA for your own business, you will want to begin with the assets, labeling them with their own unique number, starting with a 1 and putting all entries in list form. The balance sheet accounts (asset, liability, and equity) come first, followed by the income statement accounts (revenue and expense accounts). Every…

The cash was received, and a note promising to return the $ 80,000 on 2010 May 30, was signed. 23 Cash collected from customers on account, $ 2,600. 8 Secured an order from a customer for laundry services of $ 7,000. The services are to be performed next month. Prepare a corrected trial balance for…

As with performing payroll functions in-house, applicable taxes must be withheld by the provider before payments are made. Outsource some or all HR tasks and opt for a partner that is an extension of double entry bookkeeping system your current HR staff. We can handle hiring, engagement, employee issues, payroll, benefits, compensation, talent, compliance and…