Bookkeeping

Content Who authorises the use of Petty Cash? Recording petty cash funds What are the common issues with Petty Cash? Regular reconciliation Petty cash (is this even legal version) Use QuickBooks For Your Petty Cash On the other hand, in small companies, a single person is usually in charge of…

Selling a business is a significant event that requires meticulous accounting to ensure accurate financial reporting. Properly recording the sale involves several complex journal entries, each with its own set of implications for both the seller and the buyer. Like in a cash sales journal entry, you likely also will…

Content How to Take Write Offs in Accounting Why is a Cash Over and Short Account important? How to Account for Credit Card Sales ‘Our world is becoming unhinged’: Here’s what happened on day one of the UN’s big annual meeting COMPANY Company It involves the difference between the value…

Content Filing to Become an Employer Screen H – Household Employment Taxes ( Household employer: What are the family’s tax responsibilities for paying nanny tax? Do You Have a Household Employee? Here’s What You Need to Know for Tax Purposes The Value of Paying Household Employment Taxes Legally Key Organizations…

Still, it’s good to know what a credit memo or debit memo looks like next time it shows up on your bank statement. It is issued in many commercial transactions to inform the buyer, the seller, or bank customer of an adjustment in his bank account balance. The bank’s use…

On the other hand, if you have a lot of years left to invest in the market, common stocks can bring higher returns. The claim over a company’s income and earnings is most important during times of insolvency. This means that when the company must liquidate and pay all creditors…

Content The Impact of the Tax Cuts and Jobs Act on Casualty and Theft Losses How to File Form 4684 FAQS on Form 4684 How are casualty and theft losses calculated? The tax code treats these losses under 26 USCA §165(h), which provides for certain deductions depending on both the…

Content Best for Bookkeeping Services By the Hour BKE will take the pain out of your accounting & bookkeeping, letting you get back to business. Expert analysis An Affordable Bookkeeping Alternative to a CFO Business Details Higher-tiered plans unlock more transactions and a more frequent service level. The cost of…

Content Sort inventory items Chegg Products & Services Monitor and Look for Opportunities to Change Classes What is ABC analysis of inventory? A Comprehensive Guide on Distributed Order Management Company What is the ABC approach to inventory control? If you’re selling hundreds or thousands of products, trying to manage each…