Bookkeeping

Virtual Latinos specializes in sourcing, qualifying, pre-vetting, and paying the top 1% of virtual assistants from Latin America for US businesses. Consider partnering with reputable virtual staffing companies to find the right accounting virtual assistant. These companies specialize in sourcing, qualifying, and pre-vetting candidates, ensuring you get access to virtual accountant skilled professionals who can …

Accounting Virtual Assistant Job Description 2024 Read More »

If an expense is not directly tied to revenues, the expense should be reported on the income statement in the accounting period in which it expires or is used up. If the future benefit of a cost cannot be determined, it should be charged to expense immediately. If the costs are expected to have no …

The Matching Principle in Accounting Read More »

Cost is defined as all costs necessary to get the goods in place and ready for sale. Three general types of inventory control systems include continuous review systems, periodic review systems, and just-in-time inventory control. If so, they are typically charged directly to the cost of goods sold, with an offsetting credit to the raw …

Cost of Goods Sold Journal Entry: How to Record & Examples Read More »

Giving to charitable organizations can shield you from a hefty sum of income taxes. Typically, you can deduct cash donations equal to 60% of your AGI and asset donations equal to 30% of your AGI. In addition, capital gains taxes receive a 20% deduction for the donated asset. So, if you had total deductible expenses …

Computing Tax Shields: Disentangling the Formulas IESE Insight Read More »

These accounts can be a smart option for short- or long-term savings. For instance, I recently deposited $10,000 into a high-yield savings account with an annual percentage yield (APY) of over 5% after contributing to a regular savings account with a 0.25% rate for years. My new account has been open for about six months, …

Liabilities in Accounting Definition, Types & Examples Lesson Read More »

This way, truck drivers can focus on the road and leave the complex facets of accounting to us. Every day, bookkeeping services help trucking companies manage their money. With automated spreadsheets, you can develop a money management plan that keeps your business on track and profitable. Bookkeeping services not only make it easier to gain …

For Truck Drivers: Reliable Bookkeeping and Accounting Read More »

You want to give enough detail but not so much it seems overwhelming. Fortunately, we created a plan of action already sectioned to fit the perfect amount of information. As every high-level marketing expert knows, the best way to gain clients is to get their attention right away. With this template, you can create an …

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The Chartered Professional Accountant firm directories on the CPA Canada website is another great place to find a bookkeeper. You may need to re-strategize and make adjustments to ensure you stay on top of your business. Special rules apply to invoices issued under a margin scheme or subject to a reverse charge. To help determine your niche, …

How to Keep Books for a Small Business: 13 Tips to Follow Read More »

This happens when the effective gross income is less than the operating expenses of the property. Lastly, although NOI is a powerful metric, it is still subjected to manipulations. A property owner can falsely increase this metric https://www.online-accounting.net/what-is-the-3-day-rule-when-trading-stocks/ by deferring some operating expenses to the next period. Thus, it is vital to carry out detailed …

Blog The Ultimate Guide to Calculating NOI Net Operating Income Read More »

Click Download and save the file. Double-click the downloaded file. Follow the on-screen instructions to install. The developer, Intuit Inc., indicated that the app’s privacy practices may include https://turbo-tax.org/ handling of data as described below. For more information, see the developer’s privacy policy. Turbo works hard to safeguard your information by encrypting all of your …

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