Category: Bookkeeping

Features include lead & Client management, sales pipeline, and analysis, text marketing, and email marketing. A straightforward interface and generous support options make Keap highly accessible even for the most novice CRM users. What makes Gist appealing to so many customers is the free plan it offers. This plan is perfect for freelance accountants and […]

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To calculate EPS, you take the total net income and divide it by the number of outstanding shares of the company. To add to the potential for misunderstanding, MM is not the Roman numeral for million. Review a few examples of sentences that feature common abbreviations for billion. International companies may use a similar but […]

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Let’s understand more about purchase returns, the process to record them and their advantages for your overall business and accounting purposes. If purchase was initially made on credit, the payable recognized must be reversed by the amount of purchases returned. The main premise behind accounting for purchase returns is to reflect the books as if […]

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The latest consumer price index reading showed inflation rose 3.8% from last September. That prompted the IRS to raise all the tax thresholds by 5.4% to ensure taxpayers don’t move into higher tax brackets just because of cost-of-living increases. For past tax rates and taxable wage california income tax limits, refer to Tax Rates, Wage Limits, […]

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Professional bookkeeping services help you produce useful reports to make decisions. Which includes financial reporting, data entry, record keeping, reconciliations and reporting. Small business accounting services will save you time that you can spend growing your business. Don’t spend another second on bookkeeping, tax preparation, and other complex accounting issues. Corporation Taxation It also provides […]

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The cash flow statement tracks the company’s cash inflows and outflows during a specific period. It helps assess the company’s ability to generate and manage cash, which is crucial for its day-to-day operations and long-term sustainability. The balance sheet provides a snapshot of the company’s assets, liabilities, and equity at a specific point in time. […]

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For most households, liabilities will include taxes due, bills that must be paid, rent or mortgage payments, loan interest and principal due, and so on. If you are pre-paid for performing work or a service, the https://www.bookstime.com/ work owed may also be construed as a liability. Considering the name, it’s quite obvious that any liability […]

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If you receive a U.S. government pension for retained earnings balance sheet service before October 1991, you may be entitled tosubtract all or part of that pension on your Oregon return. Oregondoesn’t tax Social Security or Railroad Retirement Board benefits. Oregon doesn’t allow married people filing separately to take the standard deduction if their spouse has […]

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Yes, the use of artificial intelligence is growing exponentially, and machine learning is gaining traction in many professions, including accounting. Accounting will change, but those changes should not eliminate the need for human accountants. As a consequence of these and many others, accountants can spend more time solving problems that may have taken more time […]

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It is essentially simple interest plus interest on previous interest. The interest coverage ratio is a measure of a company’s ability to meet its interest expense obligations with its operating income. It’s best to keep loans for personal and investment use separate. If you borrow money for personal reasons and investment use, you must allocate […]

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