Category: Bookkeeping

Content Layman guide to confirmation statement for micro companies Stockholders’ (or Owner’s) Equity Accounts Will Have Credit Balances Applying for a credit card Here’s a simple example of how a balance transfer works Company Managing your accounts receivable credit balance policy Here’s an example of how a transfer works Balance transfer cards sometimes come with… Continue reading What Is A Balance Transfer Credit Card? Credit Card Transfers

In contrast, the direct method only displays cash transactions and includes operating, financing, and investing cash flow. The main difference between these 2 statements is how they calculate operating cash flow. It’s important to remember that the indirect method is based on information from your income statement, which could have certain limitations. This means you… Continue reading Direct vs Indirect Cash Flow Method

You will need to factor this into your construction accounting for each construction project and for the business as a whole. To effectively manage these variable expenses, you can use FreshBooks Project Accounting Software which lets you track project financials and create reports quickly and easily. Allocating a portion of your income specifically for taxes… Continue reading Construction Accounting 101: A Simple Guide for Contractors

It is deeply rooted in the area’s rich cultural heritage while embracing the challenges and opportunities of the modern economy. Caleb and the rest of the McClarigan team have done outstanding work for SteveCo Power and also with our team’s personal tax planning. McClarigan has assisted us in growing our organization more than 200% over… Continue reading Top CPA and Business Consulting Firm Lancaster PA RKL LLP

Content Free Debits and Credits Cheat Sheet Financial and Managerial Accounting Expanding the Accounting Equation What is the Accounting Equation? Limitations of the Accounting Equation Why is the Accounting Equation Important? Learn the Basics of Accounting for Free Fixed assets such as real estate, heavy machinery, furniture, vehicles, etc. For freelancers and SMEs in the… Continue reading Accounting equation definition

Outsourced accounting is when an organization delegates its accounting and financial functions to an external third-party service provider. Many of these capabilities overlap with what your accountant does, although the bookkeeper provides your financial foundation. Much of the bookkeeper’s work feeds into a larger, comprehensive accounting function effective-interest amortization methods that your accountant completes –… Continue reading Outsourced accounting: What are the benefits for businesses, and how does it work?

Salespeople can cleverly disguise themselves as advisers, and skepticism helps protect people from making poor financial decisions. He didn’t like the militaristic nature of his schools, where pupils were not encouraged to ask questions, and learning was affected through rote memorization. The young Einstein had no interest in this type of training to blindly worship… Continue reading Albert Einstein’s Philosophies For Growing Wealth

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. These bonds are highly secure, sovereign in nature with a AAA rating. Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. Tax2win is amongst the top 25 emerging startups of… Continue reading Capital Gains Bonds: Should you invest in 54EC bonds or are there better alternatives?

Content The Differences Between Net & Gross Income For A Business What Can You Claim As A Business Deduction? Why Are Gross And Net Income Important? Other Important Income Types On Your Tax Return What Is Gross Pay? The Difference Between Net And Gross Income Stay Ahead With Weekly Insights On Growing Your Independent Consulting… Continue reading Difference Between Gross Income And Net Income With Example

Content Explore All Money Topics For Startup Business Completing Schedule C Part Ii, Expenses How Much Income Is Considered A Small Business? File With A Tax Pro Taxes Articles Financial Services The effective tax rate relates to an individual’s or company’s overall tax rate, rather than its marginal tax rate. Self-employment tax is a social… Continue reading How Do I Calculate Estimated Taxes For My Business?