Bookkeeping

This rate is useful from the point of view of cost control as it enables management to plan ahead and budget for the future. A predetermined overhead rate is an allocation rate that is used to apply the estimated cost […]

You get an additional 10 business days to file if you’ve paid your employment tax deposits in full and on time for the entire quarter that’s covered by the return. You’re a monthly schedule depositor for the calendar year if […]

You can learn more about other comprehensive income by referring to an intermediate accounting textbook. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. For […]

By comparing your company’s internal accounting records to your bank statement balance, you can confirm that your records are accurate and analyze the reasons behind any potential discrepancies. Additionally, bank reconciliation statements brings into focus errors and irregularities while dealing […]

A disposition of property includes the following transactions. Generally, if you produce, purchase, or sell merchandise in your business, you must keep an inventory and use an accrual method for purchases and sales of merchandise. You can deduct an expense […]

Management’s plan could include borrowing more money to kick the can down the road, selling assets or subsidiaries to raise cash, raising money through new capital contributions, or reducing or delaying planned expenses. The calculation of goodwill takes into account […]

Tracking assets and liabilities is an important part of managing your finances. This information is also needed to calculate financial performance metrics like return on assets. Additionally, all prospective lenders and investors will want to see a current balance sheet. […]

As a business grows, users can easily upgrade to a more advanced plan with additional features seamlessly. QuickBooks is the platform most used by professional accountants so if you plan to work with an accountant, they will likely be very […]

Its tax-related services include tax preparation and planning, cryptocurrency tax services, stock-based compensation tax planning, and business consulting. Additionally, it provides partnership and corporate tax preparation, out-of-state returns, business start-ups, and individual tax preparation. Jesus E. Rincon is the founder […]

If you’re also selling on eBay, this part of the Sellerboard software will help you manage your sales and profit on that platform. When you purchase new inventory, you can add documentation and information into the purchase order section to […]