Bookkeeping

In addition, you’ll need your balance sheet and income statement reviewed to qualify for a $100,000 loan. For example, if you’re considering moving to another state, changing your legal relationship status, or bringing a partner into your business, ask a […]

This feature ensures that your invoices uphold the highest standards of professionalism while also allowing for easy distribution to your customers. Clear, consistent communication with clients regarding billing expectations, timelines, and any adjustments is key to averting misunderstandings and cultivating […]

For example, if an asset account which is expected to have a debit balance, shows a credit balance, then this is considered to be an abnormal balance. From the table above it can be seen that assets, expenses, and dividends […]

An expert accountant frees you of the burden of complex financial analysis and monotonous daily tasks that would distract your focus from managing restaurant operations. We recommend monitoring prime costs on a weekly basis to track fluctuations in expenses and […]

Still, the dollar amounts are separately broken out in the supplementary sections most of the time for greater transparency in financial reporting. Regular reviews and adjustments based on comprehensive data analysis can significantly aid in maintaining healthy profit margins. Schedule […]

The different annuity methods result in different amortization schedules. With the lower interest rates, people often opt for the 5-year fixed term. Although longer terms may guarantee a lower rate of interest if it’s a fixed-rate mortgage. If your annual […]

Notes receivable are different from accounts receivable because they are formally documented and signed by the promising party, known as the maker of the note, to the party who receives the payment, known as the payee. When this happens, the […]

For example, incorporating in a different state may require you to file a foreign corporation. On the other hand, filing in a different state may reduce the fees and reporting requirements needed to establish and maintain the corporation. As a […]

There are a few crucial points worth noting when mortgaging a home with an amortized loan. The exact percentage allocated towards payment of the principal depends on the interest rate. Not until payment 257 or over two thirds through the […]

Content How to Become a QuickBooks Proadvisor for QuickBooks Online Accountant? How do I become an Intuit live bookkeeper? How long does it take to become a QuickBooks ProAdvisor? Looking for Cloud Solutions! Payoff to match your prestige If you […]