Category: Bookkeeping

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 […]

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 […]

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 […]

Budget states what a company is expecting in a short period, while forecast projects the financial fluctuations based on the current trends. Good communication between the program, finance, and development departments and the board is key to monitoring the budget during the year. These projects probably won’t be delivered every year, so separating your operational […]

As mentioned above, winning  the lottery cansignificantly impact your tax bracket since the IRS counts it as income. Forexample, an average family might see their top federal tax rate jump from 22%to 37% if they won a hefty sum of money from the lottery. In general, all prizes worth more than $600 are reported to the […]

They help and manage the salaries, wages, bonuses, and commissions payable to the business employees. In addition, the department works and determines the number of deductions be withheld Bookkeeping for Chiropractors from the salary payable as per the applicable legal and labor laws. You can set up your payroll accounting software to automate issuing regular […]