Category: Bookkeeping

Many business owners, owing to a knowledge gap in their multiple step vs single step income statement accounting departments, seek professional expertise remotely. Large firms are also expanding their remote staff, underscoring the scalability and adaptability of remote accounting services. Virtual accountants perform various financial tasks remotely, including bookkeeping, tax preparation, financial analysis, and consulting.…

We specialize in efficient and quality processes that will help decrease the expense of internal or external accounting. Let’s be real, great books offer you great feedback on your business, which allows you to make accurate decisions on the direction of your company. If you can’t trust the numbers, you can’t make the necessary decisions.…

Or let a tax expert powered by TurboTax do your taxes for you, start to finish. Because QuickBooks Online is connected to the cloud, you can work from any device with an internet connection. You can easily scan and upload receipts in real-time using the QuickBooks mobile app, so you don’t need to run helter-skelter…

Or let a tax expert powered by TurboTax do your taxes for you, start to finish. Because QuickBooks Online is connected to the cloud, you can work from any device with an internet connection. You can easily scan and upload receipts in real-time using the QuickBooks mobile app, so you don’t need to run helter-skelter…

This is true for both those within a company and those looking in from the outside. Parent companies use this to bring together all the accounts and ledgers from the subsidiaries they may have. The process looks for mismatches both within and between any of the subsidiaries. Find out how it all works as we…

This includes the price of the goods or services, the quantity, any taxes, and discounts. Find the invoice price and start negotiating from a place of power. Invoice Pricing has all the resources you need to keep you informed on buying a car. Get the BEST Car Deal! Contact Invoice Pricing today to get the…

For different account types, a debit and a credit may increase or decrease the account value. A T account (or general ledger account) is a graphical representation of a general ledger account. The general ledger is an accounting report that sorts and records a business’ financial transactions, by account. A T account resembles the letter…

A lot goes into it—from managing payables and receivables to balancing books. But what might seem like an overwhelming task isn’t so bad when you break it down to the bookkeeping basics. At the beginning of the year, take a look at the list of deductible expenses and determine which categories you’re most likely to…

Depreciation is an accounting method used to calculate the decrease in value of a fixed asset while it’s used in a company’s revenue-generating operations. Depreciation is an accounting practice used to spread the cost of a tangible or physical asset, such as a piece of machinery or a fleet of cars, over its useful life.…

In these circumstances it is common to split off sections of the main ledger into separate subledgers. The next line shows the headings used for each of the ledger accounting transaction entries. Sandra Habiger is a Chartered Professional Accountant with a Bachelor’s Degree in Business Administration from the University of Washington. Sandra’s areas of focus…