Category: Bookkeeping

If you leave your money and the returns you earn are invested in the market, those returns compound over time in the same way that interest is compounded. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as… Continue reading Daily Compound Interest Calculator

I am the author of How to Pass The CPA Exam (published by Wiley) and the publisher of this and several accounting professional exam prep sites. Of course, having your own agency also removes any limitations on your salary. The average Enrolled Agent salary is approximately $52,000 annually, as compared to CPAs,  who earn an… Continue reading How Much Money Can You Make as an Enrolled Agent EA?

Smaller companies may qualify for special promotions, including up to three free months of services. You will be debited for payroll and taxes up to 2 business days prior to check adp payroll checks date depending on process time and if you have direct deposit activated on your account. ADP ranked in Forbes Advisor’s 9… Continue reading Payroll Software For Small Business Reviews Stay Updated With Technological Trends

Content Categorizing Revenue Revenues Expense Contra Account Obsolete Inventory Is the Matching Concept Related to the Cash Accounting or the Accrual Accounting for a Business? Current Expense Employee Benefits If you choose to invoice clients for reimbursable expenses along with the other services, make sure to draw a clear distinction between the two. The Planning… Continue reading Texas comptroller clarifies treatment of vendor funded incentives in computing cost of goods sold

The CFO should have a big-picture understanding of the business and accounting, even if they don’t have a specialized accounting background. They should be able to optimize the capital structure, prepare business plans, investor decks and presentations, and obtain financing. Most small businesses need both, which brings do you record income tax expenses in journal… Continue reading CFO vs Financial Controller You Better Know the Difference

✝ To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. You are now leaving the SoFi website and entering a third-party website. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted… Continue reading Account Balance Overview, Types, and Examples

Content What Bookkeeping Services Should You Outsource? Outsourced fiscal year-end financial filing Outsourced Bookkeeping: What It is and 5 Reasons To Use It Get the customized accounting support you need Accounts Payable Process Solutions We connect with your bank accounts, credit cards, and merchant providers to automatically import transactions and update your financial reporting. If… Continue reading Outsourced Bookkeeping Services: How to Find the Ideal Bookkeeper

By understanding these health care accounting terms, health care companies can more accurately keep track of their finances. Additionally, health care organizations must maintain accurate recordkeeping to comply with regulatory requirements. Proper documentation of patient information enables providers to monitor payments and medical treatments while keeping patient info private. Generally Accepted Accounting Principles are accounting… Continue reading Health care accounting: A beginners guide

When interested parties decide to work together on R&D, they usually form a limited partnership. The limited partners provide funding, while the general partner manages the day-to-day activities and technical aspects under contract to the limited partnership—generally at cost-plus-margin, or for a fixed fee. For example, costs in relation to the general partner are typically… Continue reading What is Research and Development Accounting?