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Xero and QuickBooks Online differ when it comes to Adding a New Account. For example, if it’s the first time you’ve paid for a product or service. You can use the Report Center to keep track of Sales, Income, Costs, … Continue reading
Category Archives: Bookkeeping
Figuring out how much to pay your employees isn’t as straightforward as multiplying hourly wages by hours worked, especially in the restaurant industry. As an employer, you’re responsible for withholding taxes from your employees’ wages, which is where payroll gets … Continue reading
While some fraudsters exhibit a true evil genius in covering their tracks, most thieves aren’t that clever. Careful attention to details and review of reconciliations by someone who doesn’t work with that account can help catch many instances of fraud. … Continue reading
Continue entering payments received from your customers until all payments have been entered. In order for your financial statements to be accurate for the year, you need to record the payment as being received on Dec. 31. However, the payment … Continue reading
The JIT inventory system is popular with small businesses and major corporations alike because it enhances cash flow and reduces the capital needed to run the business. Retailers, restaurants, on-demand publishing, tech manufacturing, and automobile manufacturing are examples of industries … Continue reading
The first step to calculate PTO accruals for an hourly employee is to determine the period and rate at which PTO accrues. From there, employers typically verify the hours that an employee worked, multiply out their earned PTO, and update … Continue reading
The https://www.rte117usedautoparts.net/uk-automobile-grocery-store.html shows a company’s expense, income, gains, and losses, which can be put into a mathematical equation to arrive at the net profit or loss for that time period. This information helps you make timely decisions to make sure that your … Continue reading
Owners of multiple corporations will need to pay Delaware Franchise Tax for each entity separately as each entity is required to file an annual report. Failing to pay your franchise tax by March 1st for corporations or June 1st for … Continue reading