Category Archives: Bookkeeping

Introduction to bookkeeping and accounting: 3 4 Income and expense accounts Open University

Content Business meals: Revenue accounts Insurance Cost Insurance Understanding Expenses Expenses If your deductions for an investment or business activity are more than the income it brings in, you have a loss. For more information on the deduction for business use of your home, including the optional safe harbor method, see Pub. Generally, you cannot […]

Eligible NAICS for the Women-Owned Small Business Federal Contracting program U S. Small Business Administration

Content Amber Grant Foundation Mar Women’s History Month: Celebrating our wins and facing the challenges ahead where female founders build unshakeable financial foundations Women in business today BOOKKEEPING FOR WOMEN-OWNED SMALL BUSINESSES Industries Networking is critical for any business, and it’s especially important for women entrepreneurs and small business owners. Attend conferences and events, join […]

What Is Depreciation and How Is it Calculated?

In the United States, accountants must adhere to generally accepted accounting principles (GAAP) in calculating and reporting depreciation on financial statements. GAAP is a set of rules that includes the details, complexities, and legalities of business and corporate accounting. GAAP guidelines highlight several separate, allowable methods of depreciation that accounting professionals may use. Unlike intangible assets, tangible assets might have […]

Reasons to Outsource Accounting and Bookkeeping Services

Content Why Companies Like Yours Choose To Outsource Their Bookkeeping And Accounting With SmartBooks Types of outsourced bookkeeping services jumpstart your growth with 32 free accounting workflow templates Pros of Outsourced Accounting and Bookkeeping Services Quality and Training for In-House vs Outsourced Bookkeeping and Accounting Local bookkeepers Virtual receptionists can help your business! Those that […]

Payback Period Metric Defined, Calculated Shorter PB Preferred

Content Machinery replacement analysis Crafting great product requires great tools. Try Chisel today, it’s free forever. Update Your SaaS Pricing Strategy Is the Payback Period the Same Thing As the Break-Even Point? Payback period = Y + ( A / B ) where Payback Period Explained, With the Formula and How to Calculate It Payback Period Calculator However, […]

California Taxes: A Guide to the California State Tax Rates

Content California Tax Brackets for Married/Registered Domestic Partner (RDP) Filing Separately Taxpayers Claim Military Members Deductions Sales tax considerations for out-of-state sellers Are other forms of retirement income taxable in California? California sales tax filing due dates Do Unto Others: The Case for State Income Tax Reciprocity California Sales Tax Learn how and where to […]

11 Best Inventory Management Software for Small Businesses in 2023

And it’s a double hit — you can’t recoup the cost of inventory and you can’t sell the inventory to make revenue. There are four main categories of inventory shrinkage due to loss and theft. Some experts also have a fifth category that encompasses all unknown reasons for inventory loss; it makes up six percent […]

Mental Health Billing: Answers to Frequently Asked Questions

Content Choosing a Mental Health Diagnosis Billing Advice Mental Health CPT Code Guides Using CPT Codes for Mental Health Billing Shopping for Insurance Most Competitive Insurance Companies for Mental Health Providers: Ask How to Bill Claims Online Expanding access to mental and behavioral health services in Medicare If you do not receive a referral before visiting […]

How Collections of Cash Affect Accounting Equations Chron com

Content Capital How to Adjust an Income Statement for an Equity Issuance CUSTOMER SERVICE Equity and the expanded accounting equation Recording Transactions A Common Business Transaction That Would Not Affect Stockholders’ Equity International standards set by the International Accounting Standards Board . Withdrawal of cash or other assets from an unincorporated business for the […]