Bookkeeping

For example a corporation would list the common stock, preferred stock, additional paid-in capital, treasury stock, and retained earnings. Meanwhile, a partnership would simply list the members’ [...]

You receive the raw materials, but you still haven’t gotten the invoice by the end of an accounting period. On average, reversing entries occur on the first day of the new period, [...]

Government regulations require all publicly traded companies to prepare audited financial statements. Goods in inventory may be further separated into the amount of raw materials, work in [...]

It is up to your company to decide which items will be the most helpful for them to track to more accurately predict and track cash flow. Cloud solutions offer several advantages, including [...]

If you need help calculating your estimated payments, use IRS Form 1040-ES, try our income tax calculator or speak with a tax professional to get a more dialed-in estimate of what you might owe. [...]

Everything you need to know about taxes that you didn’t learn in school. TurboTax is far better than other tax stores Our goal is to get your taxes done with as little waiting as possible. When [...]

Therefore it is crucial to manage it in a way that minimizes waste and maximizes profits. One popular inventory management system is First In, First Out (FIFO). This system assumes that the [...]

Not only will you spend hours of your time painstakingly entering and categorizing data, but you’ll have a harder time catching mistakes. Sure, QuickBooks could be the best software for [...]

It’s essential for stakeholder trust, investment decisions, and regulatory compliance. Real estate-specific reports, like cash flow statements, balance sheets, and income statements, provide [...]

However, buyers can still reverse payments made through the ACH network in what constitutes their variation of the chargeback mechanism. So now that you understand what debit return charges [...]