קטגוריה: Bookkeeping

8 Benefits Of Outsourcing Accounting Services

All it takes is a reputable external provider such as Clark Staff to give you the best out of your outsourcing journey. Companies outsource to achieve cost savings and focus on core business functions. Top-notch…

What is FICA Federal Insurance Contributions Act? 2023

The FICA tax also is not imposed on unearned income, including interest on savings deposits, stock dividends, and capital gains such as profits from the sale of stock or real estate. The proportion of total…

Taxable Receipt How Discounts, Trade-Ins, and Additional Charges Affect Sales Tax

These tools provide real-time tax rate calculations for each transaction, considering factors such as the seller’s and buyer’s locations, product taxability, and any applicable exemptions. A trade, barter, or exchange is different from a trade-in…

How to Tell When it’s Time to Outsource Your Bookkeeping and Accounting

They are usually much more well-informed than certified accountants as far as taxes go. EAs know all of the inner tax workings of whatever state you’re operating out of, as well as what the federal…

Small Business Bookkeeping: A Beginners Guide

The major reports to include are the profit and loss, the balance sheet, and a cash flow analysis. Additionally, the aged accounts receivables and aged accounts payables reports are helpful in knowing which customers have…

Accounting Consultant Duties & Responsibilities

Being an accountant can mean far more than preparing tax returns, compiling financial statements, handling technical compliance work or providing back-office accounting services. It’s becoming increasing popular for many CPAs to offer their services in…

Understanding The Normal Balance of an Account

The accounts payables are noted as liabilities in the balance sheet. This is due to the fact that companies have to pay the account’s payables. The main products for which accounts payables are used by…

Fixed Asset Turnover FAT: Definition, Calculation & Importance

By keeping an eye on this metric, you can identify risks early and take corrective action. It’s the ultimate spreadsheet add-on that gives stock investors instant access to financials. Keep in mind that a high…

How to Find the Best Virtual Bookkeeping Service for Your Business

While a virtual bookkeeper can handle cash transactions, it’s faster and easier for them to categorize digital transactions (like credit card, debit, Shopify, and Paypal transactions). Virtual bookkeeping and accounting services can take bookkeeping tasks…

9 Best Online Bookkeeping Services for Startups 2024 TRUiC

Proper bookkeeping and accounting will help you ensure that your sprouting business has the funds necessary to succeed. An income statement will show how profitable your business is over a reported period. It displays a…