Category Archives: Bookkeeping

There are many software options available that are specifically designed for construction companies, such as QuickBooks for Contractors, Foundation Software, and Sage 100 Contractor. Construction companies can use cash flow statements to track their cash inflows and outflows and identify … Continue reading →

In this way, the $10,000 paid at maturity (credit to Cash) will be entirely offset with a $10,000 reduction in the Note Payable account (debit). The preceding illustration should not be used as a model for constructing a legal document; … Continue reading →

If you were on unemployment during the year, you might also have a 1099-G headed your way. Insurance companies file a 1099-SB when they transfer a life insurance contract. You’ll receive a 1099-SB from the insurer if you acquired the … Continue reading →

Then, you need to sign in with your user ID and password and then select the right firm (if you have multiple firms). If you have clients who are currently paying for their own QuickBooks Online subscription, you can transfer … Continue reading →

This is especially essential when a company’s profit margins are close to breakeven. As a result, investors pay close attention to the company’s cash balance and cash flow timing. By combining them, investors have a better understanding of the underlying … Continue reading →

You can also add products, product images, set up shipping and publish your site. In order to begin accepting payments, you will have to upgrade to a Premium plan. However, to experiment with Wix and test out its online store … Continue reading →

It is calculated by dividing the total liabilities by the shareholder equity of the company. The debt-to-equity ratio, or D/E ratio, is a leverage ratio that measures how much debt a company is using by comparing its total liabilities to … Continue reading →

Get $30 off your tax filing job today and access an affordable, licensed Tax Professional. With a more secure, easy-to-use platform and an average Pro experience of 12 years, there’s no beating Taxfyle. Set your business up for success with … Continue reading →

In addition, be sure to read up on the IRS’s latest rules and regulations to supplement these best practices. ZipBooks has the ability to automate many tasks and provide real-time data which helps in better decision making. ZipBooks is also … Continue reading →

This purchase account can be a temporary account to hold all the inventory purchases for a given accounting period. Therefore, before any adjusting entries, the balance in the merchandise inventory account will reflect the amount of inventory at the beginning … Continue reading →