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…

The amount to be allocated is $16,670 ($1,667 x 10 (kilowatt capacity x 2)). The amount of cost allocable to Ava is $10,002 ($16,670 x $12,000/$20,000). The amount of cost…

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…

For a company that sells goods (merchandise, products) the first subtotal is the amount of gross profit. Management accountants use another type of multi step income statement for internal use…

For $27.50 per month for the first three months, then $55 per month after that, get up to three users, manage and pay bills and track time with its Essentials…

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…