Content DIY or Hire a Professional for Bookkeeping and Accounting? Bookkeeping (Accounting) Services Agreement Hire a Bookkeeper Best Full-Service App Build Up Your Contractor Business With We’ll find deductible business expenses that you didn’t know about and auto-categorized for your Schedule C. Use built-in reports to see how your business is doing and take advantage...Read More

With increasing globalization and companies operating in many countries, the books of accounts must be compatible with a global platform. They are also the result of globally accepted accounting principles for accurately reporting financial numbers. As we have seen in the above discussion, how reporting contra assets accounts helps in a better understanding of the...Read More

The type of services they offer and how frequently they offer them will determine how much to pay them. For example, if you require them for tax planning and filing, payroll management, auditing and consulting, they will charge you more than when all you need is tax preparation. To compare various construction accounting software platforms,...Read More

Once candidates are hired as employees, they will be provided with training assignments and other resources that prepare them for their positions. Intuit provides its employees with supplemental learning materials after training has been completed to assist employees in developing their skills. If you’re interested in being a freelance virtual bookkeeper, you can sign up...Read More

If you’re a registered massage therapist, Operating Activities is where you see your earned cash from giving massages, and the cash you spend on rent and utilities. When you have a positive number at the bottom of your statement, you’ve got positive cash flow for the month. Keep in mind, positive cash flow isn’t always...Read More

The high-low method is used to calculate the variable and fixed costs of a product or entity with mixed costs. It considers the total dollars of the mixed costs at the highest volume of activity and the total dollars of the mixed costs at the lowest volume of activity. The total amount of fixed costs...Read More

In the cash accounting method, the company records transactions when cash comes in or goes out, so the cash flow statement gives an accurate picture of how much money there is in your company at any given time. http://panteres.com/article/138-green-microwaves—4-looking-greenish-ovens- In the accrual method, transactions are recorded without regard to cash flow. This means the cash flow statement...Read More

The second benefit is that the integrity of the business’s financial statements is less likely to be questioned or attacked. The reason being the revenue and expenditure of the business cannot be counterfeited because it needs the encrypted signature of the third party to accept the validity of the transaction. Therefore, there is no room...Read More

Further, the payment terms usually range between 45 days to two months. Sometimes, there are also agreements between the freelance designer and the client-company. One of the terms may include extra or additional charges for more than three revisions of the design copy or video produced. If you are a freelance software/web/app developer, use this...Read More

Content 5.2 Liabilities Calculating Shareholder’s Equity Owner’s Equity: Definition and How to Calculate It Stockholders’ equity: key takeaways Retained earnings generated by the business (increase). Shareholders, however, are concerned with both liabilities and equity accounts because stockholders equity can only be paid after bondholders have been paid. Shareholder equity is a company’s owner’s claim after...Read More