Category Archives: Bookkeeping

Content Income Limits That Can Disqualify You From the QBI Deduction Information for computing the qualified business income deduction Q66. If real estate is rented to a SSTB does that mean the rental real estate is also considered an SSTB? Rental real estate enterprise safe harbor Q26. I am a statutory employee and report my […]

The above exchange highlights the fact that Xero is looking to go big and team up with other big players to help push innovation. Hubdoc was acquired recently, there is a new deeper partnership with Stripe and also a global agreement with PwC. Straight from Tony’s mouth is that we can expect more of these […]

Content Generally Accepted Accounting Principles (GAAP) Explore All Money Topics for Startup Business World Day for Cultural Diversity Zoho Books makes accounting easy for startups Type of accounting vouchers What Makes Accounting Services for Startups Different? Impress investors All the debts the company owes, such as bonds, loans, and unpaid bills. M&A resources to help […]

Content Outsource Accounting Services to Scale New Heights What is Cash Application? Accounts Receivable Outsourcing Services We Offer Keep up with the latest trends Order Management Bad Debts Management What do we do in Cash Application? Jason is the senior vice president of Bill Gosling Outsourcing’s offshore location in the Philippines. He began this role […]

Investing money into your business reduces the amount of available retained earnings while buying additional stock increases it. Some companies use their retained earnings to repurchase shares of stock from shareholders. You might go this route for various reasons, such as increasing existing shareholders’ ownership stake or reducing the number of outstanding shares. If the […]

Content Steps to prepare income summary 15 Closing Entries Unit 4: Completion of the Accounting Cycle The Closing Process (Accounting) – Explained Accounting Principles I How do you record income summary account? The second entry requires expense accounts close to the Income Summary account. To get a zero balance in an expense account, the entry […]

Content Stay in the loop! Sign up for our monthly newsletter Outgrowing DIY bookkeeping in Excel More from the Resource Center: 5 Strategic Tax Deductions for Small Businesses Quarterly Cash Flow Projections Template Cash flow statement templates All of these are Manual Templates, which means that you add your transactions manually into the file. You […]

Content Build your dream business for $1/month Take the confusion out of bookkeeping Products Example 3: Paying for Business Expenses Bookkeeping Explained How to Do Bookkeeping: Basics Every Small Business Owner Needs to Know Bookkeeping (and accounting) involves the recording of a company’s financial transactions. The transactions will have to be identified, approved, sorted and […]

Content Best accounting software for preparing an adjusted trial balance Does Balance Step 2: Enter adjusting journal entries AccountingTools Thus, for US companies, the first category always seen on a Balance Sheet is Current Assets, and the first account balance reported is cash. The accounts of a Balance Sheet using IFRS might appear as shown […]

Content Business Description Kansas City, KS Directions How much do CPAs charge? Manager of Accounting and Administration Accountant The Whitlock Company – Kansas City We keep Kansas City in the black. UHY Advisors, Inc.’s subsidiaries, including UHY Consulting, Inc., provide tax and business consulting services through wholly owned subsidiary entities that operate under the name […]