Best Cloud Accounting Software Of 2024
Neat is a good choice for self-employed entrepreneurs who need an easy-to-use accounting software to organize their financial documents. Each report offered a description and useful information to help me interpret the report when I hovered over the question mark in the top corner of each report. I could also access filters on reports by […]
7 Vital Trends an Accounting Virtual Assistant Can Streamline for Success
A VA can help keep track of how much you’ve spent on a given period and how much dispensable budget you still have left. The required meticulousness of the job would also test your attention to detail, as a single mistake in your financial books could compromise the accuracy of your plotted profit objectives. The […]
How to Calculate the Present Value of a Sum of Money
Net present value (NPV) is the value of your future money in today’s dollars. The concept is that a dollar today is not worth the same amount as a dollar tomorrow. Below is more information about present value calculations so you understand the factors that affect your money and how to use this calculator properly. […]
7 Best Outsourced Bookkeeping Firms for 2024
You may think that outsourcing is only a practice for large, well-established businesses that offshore basic operations. But in reality, many businesses across the country, big and small, are embracing outsourced accounting. However, they usually offer some “assurances” that solo bookkeepers can’t. Bench: Best for bookkeeping + payroll Understanding the costs involved will help you […]
QuickBooks Online Pricing And Plans 2024 Guide
Similarly, you can create a client database and track overdue client payments to keep on top of who owes you what. All Platinum features, plus Assisted Payroll to handle federal and state payroll taxes filings for $1/employee each pay period. Users can also add a Salesforce CRM connector for $150/month and QuickBooks Time Elite for […]
What is an outstanding check?
If you’ve been charged a fee in error, contact your bank to resolve the issue. Therefore, you need to deduct the amount of these cheques from your bank balance. Such cheques are the ones that have been issued bookkeeping miami by your business, but the recipient has not presented them to the bank for the […]
GAAP Treatment of Goodwill Generally Accepted Accounting Principles
In 2004, the IASB issued IFRS 31 and revised IAS 362 to adopt the impairment-only model and require goodwill to be tested for impairment at least annually. Previously3, goodwill was amortized over its useful life with a rebuttable presumption that its useful life did not exceed 20 years. The FASB on December 16, 2020, tentatively […]
Convert Your Cash-Basis Books to Accrual at Tax Time
One of the biggest challenges when converting from accrual accounting to cash accounting is the process of cash conversion. This is when a company must reconcile its accounting records with its bank statements to ensure that all transactions have been accurately recorded. This can be a time-consuming and complex process, especially for larger companies with […]
A Guide to the Capital Gains Tax Rate: Short-term vs Long-term Capital Gains Taxes
This is especially popular near year-end, as people start to plan their tax returns for the following spring. Tax-loss harvesting can reduce your taxes and also encourage you to get out of losing investments before they fall even further in value. If your net capital loss exceeds your net capital gains, you can also capital […]
Gift Card: Definition, Types, and Scams To Avoid
On the other hand, for the recipient, gift certificates provide an opportunity to treat themselves without worrying about overspending. They can indulge in a luxurious spa treatment, enjoy a gourmet meal at a fancy restaurant, or purchase that tech gadget they’ve been eyeing for months. With a gift certificate, they can enjoy these experiences guilt-free, […]