Bookkeeping

QuickBooks Online is better than QuickBooks Desktop if you prefer a cloud-based accounting software to a locally installed one. QuickBooks Online’s biggest advantage is its ability to be accessed from anywhere with an internet-enabled device. Learn about all the differences

Our mission is to empower readers with the most factual and reliable financial information possible to help them make informed decisions for their individual needs. Finance Strategists is a leading financial education organization that connects people with financial professionals, priding

Every day there is inventory in storage means a significant dent in the company funds and holdups in overall cash flow. Purchasing large quantities of inventory may save on the initial per unit cost, but end up incurring more

Using a debit card does not require the buyer to show personal identification in order to complete a transaction, unlike credit cards or checks. Debit cards are a new method to transact cash between a buyer and a seller of

In the books, the account of the asset would have a debit value of $100,000, and the contra asset account would have a credit value of $30,000. If the asset account had a credit balance or the contra asset account

In case a business wants to change from a calendar year to a fiscal year, they would need special permission from the IRS. 2.Comparison of two financial periods does not take into account the factual reasons that are behind the

I can help you get back on track with running payroll using the correct payroll information in QuickBooks. I understand that you'll want to ensure you're recording your previous tax payments correctly. You'll want to enter those prior tax payments

Before we install, you might want to create a backup copy of your company file first. As mentioned by my peer @Anonymous, you'll need to purchase another license so you can run the program in a multi-user system. Also, ensure

First, there are some obvious reasons why there might be discrepancies in your account. If you've written a check to a vendor and reduced your account balance in your internal systems accordingly, your bank might show a higher balance until

Historically, compliance rates with with the California Use Tax have been low. Whenever you make a purchase at a licensed California retailer, your sales tax will be automatically calculated and added to your bill. To lookup the california income tax

He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. The term means that payment in full is due 30 days after the date of the fabiol giordani

Users want to be sure that financial statements have been prepared according to GAAP because they want to be sure that the information reported in them is accurate. They also know that they can compare the statements issued by