How to Invite Your Accountant to QuickBooks Online

That icon contains most of the customization settings for your Quickbooks online account. Once you’re logged in, click on the gear icon located at the top right corner of your T Accounts A Guide to Understanding T Accounts with Examples screen. Until your accountant signs in, their status on the Manage Users will remain as […]

Journal entry for fixed asset disposal gain loss

Asset disposal is the removal of a long-term asset from the company’s accounting records. It is an important concept because capital assets are essential to successful business operations. Moreover, proper accounting of the disposal of an asset is critical to maintaining updated and clean accounting records. Now let’s assume we keep the fixed asset until […]

2024 Best New York Colleges for Accounting and Finance

Even if you integrate your financial accounts with software or an Excel spreadsheet, be sure to enter everything else, such as cash transactions. This will make it much easier to file your taxes or prepare financial statements later on. As a startup, you have a lot of financial transactions to keep track of. However, accounting […]

2024 Tax Preparation Fees Cost to Hire CPAs, Tax Attorneys & More

Reviewing your latest return is one of the best ways for the tax pro to evaluate your situation and give you an idea of how much they might charge. Look at your potential CPA or tax preparer’s website and social media accounts to see what sorts of things they post. Read online reviews on Yelp, […]

Ecommerce Bookkeeping Best Practices For 2022 BlueTusker

For example, some may only post on Instagram and focus their marketing efforts on there through influencer marketing. Others are exclusively on Facebook as they find Facebook ads works great on their store. However, using a combination of platforms might be slightly more work but gives you a competitive advantage. Additionally, you likely won’t recoup […]

What Is Invoice Factoring And How Does It Work?

Invoice factoring is also referred to as accounts receivable factoring or debt factoring. Some factoring companies retain a small percentage of each invoice. Triumph Business Capital, however, does not charge a closing fee. From the perspective of the borrower, there is a strong incentive to keep customers from knowing about any factoring arrangements, since factoring […]

Gross Revenue vs Net Revenue Reporting: What’s the Difference?

If a company provides full disclosure of its gross sales vs. net sales it can be a point of interest for external analysis. To determine its net income, a company starts with its net sales and subtracts the warrants definition sources issuing reasons journal entries cost of goods sold, which shows the company its gross […]

Accounts Payable Service Standard

You need to check the invoices thoroughly received from your suppliers. If the data matches, the accounting department can generate a check. The owner should review all of the documents before signing the check and paying the invoice. Most companies have an Accounts Payable department, which is essential to keeping finances in line and maintaining […]

Cloud Accounting Software for Small Business

With Zoho, users can send customized invoices, connect to payment gateways, track expenses, create a variety of business reports and calculate taxes. The portal allows users to share recent transactions, accelerate the estimate approval process, capture feedback and receive bulk payments in a timely manner. Zoho’s advanced plans include strong project management features like the […]

12 4 Loan and receivable disclosure requirements

Interest is a type of fee or compensation for borrowing money from lenders. If the company opts for a bank loan, it will not have to lose its control, and the gap for investment will also be filled. In a nutshell, there are many benefits of debt financing over equity financing. The choice of equity […]