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Ready to invoice in style, bookkeep less, and get paid fast? “It’s not just a cool piece of software, it is giving peace of mind to people.” You deserve to know your taxes aren’t something you have to sweat over the entire calendar year.” Our tools work together,so you work less. You can also download[…]
Funds allow organizations to separate resources into various accounts to identify where those resources came from and how they are used. Since nonprofit organizations receive benefits from being tax-exempt, they must keep detailed records while bookkeeping. Aside from these fundamental differences, there are several other characteristics worth mentioning. For-profits pay taxes based on their net[…]
Staff journalists who led some of the newspaper’s best-known coverage teams have later published books that summarized and extended their reporting. OpinionJournal.com was a website featuring content from the editorial pages of The Wall Street Journal. It existed separately from the news content at wsj.com until January 2008, when it was merged into the main[…]
You’ll often hear that the accrual basis is worth the extra work because it’s more accurate, but that’s primarily true for businesses that carry inventories. The IRS requires companies with inventories and revenues above $26 million to use it. Continuing with the theme of setting yourself up for success from day one, make sure that you take[…]
If you have debits and credits that don’t balance, you have to review the entries and adjust accordingly. Bookkeeping can be a daunting task, even for the most seasoned business owners. But easy-to-use tools can help you manage your small business’s internal accounting cycle to set you up for success so you can continue to[…]
Finally, if any discrepancies are identified, reconciliation should be done immediately. For example, consider the case of an air ticket invoice for business travel sold to a company that makes widgets. Under the accrual method of accounting, an invoice or purchase order is recorded when it is presented by the creditor (as opposed to when[…]