Category Archives: Bookkeeping

QuickBooks Payroll is a full-service payroll for small businesses that need to get started quickly. Its live expert guidance, expert review and support, 24/7 chat service and robust knowledge database are perfect even for first-time users. You will not receive a pro-rated refund; your access and subscription benefits will continue for the remainder of the […]

Tax laws change, affecting deductions and potential savings. Choosing the best option requires calculating which yields greater savings. Consider your financial details and potential deductions. California Income Tax Forms Always verify your status and obligations annually, especially if your circumstances change. Energy efficiency credits encourage sustainable living choices. They benefit both the environment and the […]

Right after this entry has been recorded, the check cashed, and the proceeds put in the box, there will be $100 in the box again, an amount which will match the general ledger account. In fact, there is always $100 in the box if you add up all the receipts and the cash (more or […]

Son, daughter, stepson, stepdaughter, adopted child 3, foster child 4, brother, sister, half-brother, half-sister, stepbrother, stepsister, or descendant of any of them. Son, daughter, stepson, stepdaughter, adopted child 3, foster child 4, brother, sister, half-brother, half-sister, stepbrother, stepsister, or descendant of any of them. The following TurboTax Online offers may be available for tax year […]

Form 1040-SR is available as an optional alternative to using Form 1040 for taxpayers who are age 65 or older. Form 1040-SR uses the same schedules and instructions as Form 1040 does. Wage and Tax Statement.Employers must file a Form W-2 for each employee from whom Income, social security, or Medicare tax was withheld. The […]

If you’re already one of our #XeroCertified partners, you will receive an invitation to the first quarterly product update for 2022. Remember, you need to complete all four updates for the year to maintain your Advisor certification. The software will keep records of each invoice sent and when it’s paid and can provide reports to […]

By managing variable overhead variance, businesses can enhance their cost control measures and improve their overall profitability. Variable overhead spending variance measures the difference between the actual variable overhead costs incurred and the budgeted or standard variable overhead costs. This variance highlights the effectiveness of cost control measures and identifies any deviations from the expected […]

This method includes all the direct costs of making a product. It gives a more complete picture of the true cost of production. So while variable costing might seem simpler, it’s just not up to snuff for official financial reporting. If the 8,000 units are sold for $33 each, the difference between absorption costing and […]

It reduces the administrative burden and enhances your security against fraud and data loss, making the entire global payroll process more efficient. It’s a step towards eliminating errors, saving time, and focusing more on the strategic aspects of your business. Like any significant change, it comes with its challenges, but the potential benefits – accuracy, […]

Along with this, expenditures in property, plant, and equipment fall within this category as they are a long-term investment in the company’s operations. While preparing the statement of cash flows, the treatment of amortization of intangible assets is similar to the treatment of depreciation on fixed assets. It is a non-cash expense and is added […]