Bookkeeping

To find these amounts, you would refer to the “Total Assets” line item on a company’s balance sheet for two consecutive periods. Analyzing the asset turnover ratio over time for the same company also provides insights. A consistent upward trend […]

Withholding tax: definition If tax calculated from your return is higher than the total of samples taken the year before, you still have to pay additional taxes. WHT is a tax that is withheld from the employee’s wages and paid by […]

Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide here on how to switch to Wave from Quickbooks. We provide different levels of support, depending on the plan and/or the add-on features you […]

Bob Papa called the game for the Giants with Carl Banks as his analyst and Howard Cross as sideline reporter, while Gil Santos was at the microphone for the Patriots with Gino Cappelletti as analyst and Scott Zolak as sideline […]

Prepayments In Accounting Guide To Prepayments & Examples Prepayments made in a corporate environment are made in one accounting period and it will provide benefit in upcoming accounting periods. The main difference between usual expenses is prepaid expense is the […]

Understanding your IRS notice or letter Internal Revenue Service If the information displayed in your CP2000 notice is correct, you generally do not need to amend your tax return. We recommend speaking to a tax professional anytime you are unsure […]

QuickBooks Online Accounting Apps on Google Play Some of the different training topics include the chart of accounts, credit cards, banking, file setup, and more. Stay updated by subscribing to QuickBooks blogs or newsletters, joining community forums, and attending webinars […]

The intangible asset goodwill is not amortized. Goodwill is to be tested periodically for impairment. The amount of any goodwill impairment loss is to be recognized in the income statement as a separate line before the subtotal income from continuing […]

Get Ready for taxes: What’s new and what to consider when filing in 2023 Internal Revenue Service Also, under some treaties, scholarship and fellowship grants, and a limited amount of compensation received by students, apprentices, and trainees, may be exempt […]

A concise description of the payment’s purpose clarifies the transaction’s nature. Your receipt should reflect your business’s and customer’s contact details. This includes the business name, address, phone number, email, and website, if relevant. This ensures clarity in future inquiries […]