Accountants often find QuickBooks Pro and Premier to be more traditional, but you don’t have to be an accountant or professional bookkeeper to learn QuickBooks Online. The online version of […]
Give each partner a schedule that shows the amounts to be reported on the partner’s Form 4684, Section B, Part II, line 34, columns (b)(i), (b)(ii), and (c). Attach a […]
The outstanding balance note payable during the current period remains a noncurrent note payable. On the balance sheet, the current portion of the noncurrent liability is separated from the remaining […]
Keeping track of this helps manage cash flow and ensures there are enough funds available when payment times come around. By breaking down examples and providing insight into how this […]
Do you know what similar product listings sell for on Etsy, or are you flying blind? Not only is it important to know the price of your competition, but here’s […]
This way, you know exactly how much to pay your handyman and it’s reflected in the books. The major sections of an income statement are the heading, the revenue section, […]
Modern accounting software can handle many of the tasks that an accountant can. They can be a cost-effective solution for small businesses or individuals with straightforward financial situations. With their […]
Plus, hiring an accounting service or CPA is another expense you need to budget for. We scan all invoices, store them digitally and can provide instant access to all invoice […]
A waterfall chart shows how positive and negative values contribute to a final total through cascading levels. A stacked bar chart segments the bars into colored sections to show how […]
For example, an e-commerce company buys $1,000 worth of inventory on credit. Assets (the inventory account) increase by $1,000 and liabilities (accounts payable) increase by $1,000. Investors, banks, and potential […]