Category Archives: Bookkeeping

Bank Silver Business Checking for checking accounts with no minimum balance requirement. The First Internet Bank Do More Business Checking account is an unflashy interest-bearing checking account with no minimum deposit or balance requirements and no monthly maintenance fees. It doesn’t have transaction limits and reimburses up to $10 per month in ATM fees. Plus, […]

You notice there is already a credit in Accounts Payable, and the new record is placed directly across from the January 5 record. The following are selected journal entries from Printing Plus that affect the Cash account. We will use the Cash ledger account to calculate account balances. T Accounts allows businesses that use double […]

Understanding what an accounting ledger is and its importance to your business finances can help you organize and track transactions more easily. You can save time on bookkeeping tasks with QuickBooks experts by your side. QuickBooks Online users have access to QuickBooks Live Expert Assisted, where experts provide guidance, answer questions, and show you how […]

Managing your manufacturing overhead means knowing what exactly your manufacturing overhead is, and to do that, you need to be able to calculate your manufacturing overhead rate. For instance, if the manufacturing costs are too high, these costs can create a dent in the company’s profit. In this case, the management can decide to stop […]

Understanding what liabilities are in accounting, as well as the most common examples of each type, can help you track and identify them in your balance sheet. In a small business, these usually are simple because they only pertain to basic things, like A/P, loans, salaries, and taxes. However, as your business grows and needs […]

You might have to submit a list all of the people who were there with you when the expense occurred, and what you talked about (really—the IRS wants to know if you talked shop). However, instead of stockpiling everything, it’s smarter to have an overall plan for https://www.bookstime.com/articles/bookkeeping-and-payroll-services keeping your records to make sure you […]

The Enrolled Agent (EA) exam, officially known as the Special Enrollment Examination (SEE), is segmented into three parts, each covering different realms of tax-related expertise. These parts include Individuals, Businesses, and Representation, Practices and Procedures. Candidates have the flexibility to take these sections in any order, but must pass all three to earn the esteemed […]

The Enrolled Agent (EA) exam, officially known as the Special Enrollment Examination (SEE), is segmented into three parts, each covering different realms of tax-related expertise. These parts include Individuals, Businesses, and Representation, Practices and Procedures. Candidates have the flexibility to take these sections in any order, but must pass all three to earn the esteemed […]

Direct materials also exclude materials that companies consume as part of the general overheads of their operations. However, there is no specific rule to what may classify under this heading. Direct material refers to the raw material used in the production process. This area covers all the methods companies use to derive costs and control […]

Employment of bookkeepers was expected to grow more slowly than average for all occupations through the year 2014. Though the demand for accounting services will continue to grow, the increased use of computers and bookkeeping and accounting software in the office has eliminated much of the need for bookkeepers. However, the turnover rate among bookkeepers […]