Category: Bookkeeping

Payment for a software subscription is an example of a situation when 2-way matching is enough. If the information from the document coincides with the actual delivery, there is a three-way match. If that’s the case, the accounts payable staff can continue to a secure payment process, knowing it’s paying for a legitimate invoice. After…

The ability for RDFIs to return improper reversals will become more efficient. Recourse for improper reversals will be able to be handled through the ACH return process. It seems like you are spending far too much time and money on professional fees at month-end. The payroll accrual is $1,500, which accounts for three days of…

These transactions are handled through specialized software modules that present a standard on-line form to be filled out. Once you have filled out the form, the software automatically creates the accounting record. Thus, journal entries are not used to record high-volume activities. Section 174 implementation considerations – Grant Thornton Section 174 implementation considerations. Posted: Fri,…

Content Accounting software for business expenses What personal expenses are tax deductible for business? Business Improvement District could help revitalize downtown Rochester On Business For Accountants Purpose of the Expense The Best Ways to Defeat Doubt and Depression Due to Debt Mark Cuban on Starting a Business An income statement is the main financial statement…

Content Amazon Accounting Experience Sales Tax for Ecommerce What is VAT Cash Accounting? VAT Cash Accounting Scheme Explained Maximize your eBay business using double-entry accountancy. What Is Accounting Software for eBay Sellers? Why do We recommend Esty as one of the best accounting software for Etsy Sellers? It is important to understand the rules and…

It means that your business is growing and more folks are willing to invest their time into your vision. The downside to SurePayroll is that the company does not offer transparent pricing. Trash began to pile up after $100 million was stripped from the sanitation budget in June. “The fact that the court system is…

Fixed costs that cannot easily be changed and often lock a company into a multi-year decision are ___ fixed costs. You cannot get by through memorization and ordering of individual bits of information, as you might be able to in a history class. However, you also cannot rely on a few axioms or theorems and…

Content What’s the difference between earned, accrued & paid interest? Accrued interest vs. capitalized interest Extra Steps for Compounding Scenarios Does interest accrue daily? Let’s say that instead of saving your $1,000 in an account earning simple interest, you find a savings account that pays compound interest at that same rate of 2%, and interest…