It is also important to understand that tax obligations are different for single filers and married filers. Insurance deductions are Bookkeeping for Painters voluntary since individuals have the option to…

If you mess up writing a check, then you'll want to void the check you already wrote on and start over again. This can happen if you accidentally write the…

A statement of retained earnings shows the changes in a business’ equity accounts over time. Equity is a measure of your business’s worth, after adding up assets and taking away…

Take training courses in our ProAdvisor Academy, which you can access from your QuickBooks Online Accountant firm. Here's how to start a course and take an quickbooks proadvisor exam to…

However, bloated debit balances, outpacing your revenue growth, might trigger alarm bells. They can hint at unsustainable spending or inefficiencies needing a tourniquet. It’s through these normal debit balances that…

The advantage is that this sort of depreciation reduces taxable income in the early years of the asset’s life. The disadvantage is that this method assumes depreciation is again linear,…

Leasing allows you to pay for property and equipment in smaler payments rather than with a lump sum. Another way to boost your cash flow is to ask for payments…

Now you know what COGM is, but what about COGS, and how is it different from COGM? Adding beginning WIP inventory to the total manufacturing cost, the new sum is…

She provides me insights from her perspective and offers recommendations on how to track finances to help improve my services for my clients. So when it comes to best bookkeepers,…

However, not all business owners have the time or means to pursue formal training. Some transactions may involve several entries and may overwhelm you. Staying on top of your books…