Category: Bookkeeping

Having an amortization schedule can provide numerous benefits for borrowers. One of the main advantages is that it allows for a clear and organized repayment timeline, which helps borrowers plan their finances effectively. During the beginning of a loan, most of the payment is allocated to interest, while only a small portion is applied to…

It also helps professionals focus on key insights without getting lost in numerical details. As finance becomes more globalized, MM remains a valuable tool for efficient communication and understanding across industries. The term MM simplifies communication in today’s fast-paced financial world. It ensures consistency in global financial documents and contracts. Businesses use MM extensively in…

Payroll accounting is one of the best systems you can implement to be a better business owner. Not only does it keep your books in order, but it can also be a significant time- and nerve-saver when automated. For example, if an employee is hired on the first of October but paid the first week…

The IRS expects most EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by March 3 if they chose direct deposit and there are no other issues with their tax return. The 1040 form must typically be filed by April 15 of the year following the tax year. For example,…

We understand your priorities and always strive to provide you with personalized courses that align with your learning goals. Not to mention, we have over 13,000 hours of courses, including 70+ advanced certification programs for advanced learning.Welcome aboard, Raj! At MY-CPE, we believe in Value creation, more than selling. Hello B sides,Thanks for sharing your…

Managing short-term debt and having adequate working capital is vital to a company’s long-term success. Liabilities are kernersville north carolina tax preparation bookkeeping and planning amounts owed by the business to creditors or others, such as loans or accounts payable. Rent expense is a payment made to use or occupy a property, which is not…

This information is useful for determining the minimum possible price at which to sell a product. In essence, never go below a contribution per unit of zero; you would otherwise lose money with every sale. The only conceivable reason for selling at a price that generates a negative contribution margin is to deny a sale…

For more information, visit the Alaska Department intuit extension of Revenue website. The deadline to file Form 65 is the 15th day of the 3rd month following the end of your accounting period. The deadline to file Form 20S is the 15th day of the 3rd month following the end of your accounting period. You…

We are offering an exciting opportunity for a Full Charge Bookkeeper in Plainview, New York. The role involves managing all aspects of invoicing, bank reconciliation, and handling accounts payable and receivable. We are offering a contract permanent employment opportunity for a Bookkeeper based in Farmingdale, New York. The role involves a range of responsibilities including…

This case shows that companies need to assess their assets regularly and fairly. If asset market value is going down, then in the books, their value needs to be reduced by additional depreciation, amortization, or asset impairment. Cost Principle states that an asset should always be recorded at the original buying price or cost and…