Bookkeeping

Content Types of clients you want QuickBooks Live Business The Ultimate Guide to Budgeting for Marketing Firms Handle Accounts Payable Integrating Outsourced Bookkeeping with Your In House Accounting Department Ultimately, the best bookkeeping service will depend on your business’s needs, like transaction volume, and how often you review your numbers, and others. Your bookkeeper will […]

Content What Is a Reasonable Salary for S Corp? A Basic Guideline Save time with business tools that work together — and work for you Why are payment structures for an S corp different from other business structures? Owner’s draw What is the most tax-efficient way to pay yourself? You should aim to distribute additional

The gross profit method estimates the amount of ending inventory in a reporting period. It is also useful when inventory was destroyed and you need to estimate the ending inventory balance for the purpose of filing a claim for insurance reimbursement. The gross profit method is not an acceptable method for determining the year-end inventory

Suspended (S) – This code indicates the batch has been suspended—it may or may not be in balance, but is not ready for posting. Active (A) – This code indicates the batch is ready to be posted—it is in balance, and has not been suspended. To work with existing batches, select the batch in the

Content Taxes on Income Current Liabilities Identify the right payment gateway for your needs. Where Do Accountants Work? That equity may then be reinvested back into the business to fuel its future growth. A liability (LIAB) occurs when an individual or business owes money to another person or organization. Bank loans and credit card debts