Category: Bookkeeping

In recent years, the rapid growth of virtual betting platforms has exposed users to various threats. Ensuring user trust becomes paramount. A robust approach to maintaining privacy is essential for attracting and retaining players. Privacy policies are not just legal formalities; they form the backbone of a company’s relationship with its patrons. Clear and transparent […]

Access Xero features for 30 days, then decide which Bookkeeping for Painters plan best suits your business. Get the most out of Xero with access to our team of onboarding specialists during your first 90 days. All pricing plans cover the accounting essentials, with room to grow. Accounting software See how Xero can help your […]

Additionally, with over 400 insightful business reports, you can make informed decisions that drive your business forward. Here’s my handpicked list of the best online accounting software that made the cut! I’ve broken down each option with key features, pros & cons, integrations, and best use cases, so you can find the top choice for […]

The primary purpose of bookkeeping is to record the financial effects of transactions. An important difference between a manual and an electronic accounting system is the former’s latency between the recording of a financial transaction and its posting in the relevant account. When it’s finally time to audit all of your transactions, bookkeepers can produce […]

He participated in projects for local and foreign clients and took part in a number of successful M&A transactions, bond issues and IPOs. He graduated from the Prague University of Economics (VŠE) and participated in study exchanges at the McCombs School of Business (Texas, USA) and the London School of Economics (LSE). František Vladař graduated […]

These costs rise when production or sales increase and fall when business activity slows down. They generally increase with output—the more you make or sell, the more you spend.Common examples of variable costs include raw materials, packaging, fuel, shipping, and sales commissions. For instance, if a bakery doubles its cake production, it will also spend […]

Financial statements prepared using the Historical Cost Principle provide a clear and consistent basis for analysis. In the 15th century, Italian mathematician Luca Pacioli cost principle developed the double-entry bookkeeping system based on the historical cost principle. This system required that every transaction be recorded in two accounts, one representing the asset or expense at […]

In that case where we’re selling machinery, we’re not in the business of buying and selling machinery. One of the primary errors in financial statement preparation is overlooking or double-counting income and expenses. This can lead to a misrepresentation of the company’s financial health. Organizing transactions into these categories helps in accurately analyzing the business’s […]

A real estate agent should have both business and personal bank accounts to maintain separation between funds that shouldn’t be mingled. In addition, during the sale process, they may be responsible for opening escrow accounts for their clients. These are just a few of the bookkeeping challenges that real estate agents can face. In this […]

So, money not so much wasted, when you consider the $44+ dollar cost of ‘tax printers’. Then you have to log into your online account to get a copy. If you no longer have the 2014 program installed on your computer, and if you lost the 2014 CD, you can phone TurboTax Support and request […]