Category Archives: Bookkeeping

What happens when you discover that one of your receivables is actually uncollectible? At that point, you want to remove that account from your accounts receivable balance. It is useful to examine both the mean and standard deviation of the beginning-allowance-to-write-offs ratio over a period of several years. The mean can be compared to the […]

Content In a balance sheet, what are current assets? Current liabilities in accounting Personal Current Liabilities Introduction to Financial Statements Short-Term and Current Long-Term Debt Accounting for Current Liabilities Member firms of the KPMG network of independent firms are affiliated with KPMG International. No member firm has any authority to obligate or bind KPMG International or […]

Content State & Local Tax Compliance OG Tax and Accounting Group Ivy Tax and Accounting Services, a New York City CPA firm Fast, Easy, & Affordable Accounting Services in NYC Tax Services Find an Accountant near New York, NY UNITED ACCOUNTING SERVICES​ Inemer, Cohen & Wolf LLP specializes in efficient accounting solutions and money-saving tax […]

A net loss is when total expenses (including taxes, fees, interest, and depreciation) exceed the income or revenue produced for a given period of time. A net loss may be contrasted with a net profit, also known as after-tax income or net income. Insurance companies maintain a reserve to settle claims on losses that they […]

This would give you about $215 in interest over a five-year period. Daily compounding interest is the daily interest earned on your savings account balance after interest from the previous day is added. It is a financial incentive banks use as payment for using your money and as an incentive to keep it in a […]

Content Comparison of the Top 5 10 Best Accounting Software for eBay Sellers Conclusion To Best accounting software for eBay business Best Accounting Software for Ebay Sellers in 2023 How do I keep track of sales on eBay for taxes? Is accounting software useful for eBay sellers and e-commerce businesses? Our top accounting software for […]

While outsourcing can lead to savings in the long run, unexpected costs can arise if the scope of work is not clearly defined. It’s important to discuss pricing structures upfront and consider all potential expenses to avoid surprises later. Companies often handle sensitive financial information that, if compromised, could depreciable business assets lead to severe […]

Most reputable accounting software allows you to scan or snap a picture of receipts and other documents using your phone and attach it to the transaction. Learn how to build, read, and use financial statements for your business so you can make more informed decisions. Accounting is like a powerful machine where you input raw […]

QuickBooks Enterprise is designed for large businesses or small enterprises and starts at $1,481/year or $142/month. You can add payroll, more users, and cloud hosting for additional fees. Not only is QuickBooks Online easier to use, but it offers additional support — for a fee. QuickBooks Online users can sign up for QuickBooks Live Bookkeeping […]

Content Total Gross Receipts Vs. Other Income What are the 10 generally accepted accounting principles? Prepaid expenses GAAP: What Are ‘Generally Accepted Accounting Principles’? The intention of this principle is to increase the transparency and reliability of financial statements. In the process of following the above principles, all units will in turn be objective. It […]