Arquivos da categoria:Bookkeeping

There is no strict number of hours per week that the individual works, and overtime is rarely paid. A wage expense has to at least be equal to the minimum wage dictated by the federal government or the state government. The current minimum wage in the U.S. is $7.25 an hour and has not been […]

In contrast, if it is negative, it means the business has a short life span or cannot survive in the long term. For the survival of a business, assets should be more than liabilities. Here we will guide you regarding common stock and provide you the tips on how to calculate common stock, but before […]

Others said that the support team is unresponsive and unhelpful. If you’ve narrowed your search down to a few payroll providers but still can’t decide, read our guide on choosing the best payroll solution for help. Perhaps Wave’s limited functions are too underwhelming for you, or maybe you need international support in Europe or elsewhere. […]

Stable businesses can generally estimate income tax expense as a percentage of income before taxes. If we don’t plan on issuing new stock — by raising equity capital — then we just forecast the same value into the future. Once we’ve completed this process for each of our long-term liabilities, we just need to add […]

See Business use of your car under Personal Versus Business Expenses in chapter 1 of Pub. Also, see the special rules for certain demonstrator cars and qualified nonpersonal use vehicles discussed later. You can exclude the value of any de minimis transportation benefit you provide to an employee from the employee’s wages. For example, it […]

Unfortunately, this official standard provides little specific detail about what constitutes a probable, reasonably possible, or remote loss. “Probable” is described in Statement Number Five as likely to occur and “remote” is a situation where the chance of occurrence is slight. “Reasonably possible” is defined in vague terms as existing when “the chance of the […]

The principal on a note refers to the initial borrowed amount, not including interest. These are debts owed to suppliers and vendors for inventory, materials, supplies and services. These debts are not always in the form of written agreements but are generally payable within 90 days or less. Sometimes, depending on the way in which […]

Content Lalea & Black, Los Angeles Certified Public Accounting Firm Hundreds of app integrations How To Create An Agile Finance Function What Is Double-Entry Accounting? How to delete your accountant from QuickBooks You’re our first priority.Every time. Access to the QuickBooks ProAdvisor Program Intuit QuickBooks Online In the case you no longer wish to work […]

Content What Does Cash Discount Mean? What does gross of discount mean? What journal are sales discounts recorded in? Types of Sales Discount Sales Discounts, Returns and Allowances: All You Need To Know Sales discounts are also known as cash discounts or early payment discounts. Sales discounts are deducted from gross sales to arrive at […]

Content Security Deposit Journal Entry For Lessor Non How To Deposit Undeposited Funds In Quickbooks Is Bank To Bank Transfer A Contra Entry? Bank’s Balance Sheet Create Your Free Openlearn Profile Why Recording Deposits In Quickbooks Online Is Important In the debit column for this cash account, we see that the total is $32,300 (20,000 […]