Content Customer Transactions How to Remove an Accountant How to add an accountant to your QuickBooks account How to delete your accountant from QuickBooks How to Reprint Checks, Paychecks, Pay Stubs and Sales Forms QuickBooks QuickBooks Online Login and Fix Login Problems This feature allows you to share bills, payments, information, and much more. Furthermore, […]
BookkeepingContent What is a Corporate Card? How to Consolidate Business Debt Benefits and drawbacks of a corporate credit card Discipline in the Public View – Credit Card Misuse VI Why should your business opt for a corporate credit card? 3 Reactivating suspended cards The Worst Ways To Use Your Company Credit Card These limitations only […]
BookkeepingContent How is project accounting used? Project accounting best practices Efforts-Expended Method Subscribe to the Forecast Newsletter How Does Project Accounting Work? Subscription & Usage Billing That remaining $15k that we have been paid is considered deferred revenue. Another term that may come up not specifically highlighted above is WIP revenue which stands for “work […]
BookkeepingYou may also have a payroll clearing account in your books where you record payments until you see the payments clear your bank. Once all employees cash or deposit their checks, move the funds from the clearing account to the appropriate account in your books (e.g., Payroll Expense). Its advantages extend to almost all types […]
BookkeepingContent What are the Main Types of Assets? Case Study Bookkeeping Backlogs Automating seamless compliance processes And then there’s management accounts Double Declining Balance Depreciation This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information […]
BookkeepingContent Financial Accounting Periodic Inventory vs. Perpetual Inventory: What’s the Difference? Advantages of Perpetual Inventory System Periodic vs. Perpetual Inventory System – Definitions, Benefits, Examples Ideal for small businesses This is because these businesses have less need for accurate and up-to-date inventory information. There are several advantages and disadvantages of using a periodic inventory system. […]
BookkeepingContent Don’t Make These Mistakes On Your Income! – What To Know About Reporting Income In California – A Quick Legal Guide Consequences of Treating an Employee as an Independent Contractor receive contract work from companies What is a 1099 Worker? Advice For Job Seekers The Impact of W2 Vs 1099 Workers on Culture Your […]
BookkeepingContent Services Debit vs Credit in Bookkeeping: An Illustrated Guide Accounts Impacted by Debits and Credits What are Credits and Debits? Transaction Analysis Debits and Credits Outline Nominal accounts relate to expenses, losses, incomes or gains. The first known recorded use of the terms is Venetian Luca Pacioli’s 1494 work, Summa de Arithmetica, Geometria, Proportioni […]
Bookkeeping