Author: News Watchers

Accounts payables and receivables, reconciliations, 1099 and W-2 services. Our competitive pricing and transparent detail billing means you’ll only pay for services you actually received. Whether it’s a brand or a new online business, we jump in passionately with both feet. CG Fabrication, LLC has been with Bookkeeping Solutions for about seven years now, and…

They train the employees to put two tablespoons of butter on each bag of popcorn, so total butter usage is based on the number of bags of popcorn sold. Therefore, if the theater sells 300 bags of popcorn with two tablespoons of butter on each, the total amount of butter that should be used is…

Yes, if your marketplace has collected marketplace facilitator tax, A2X will identify what tax has been collected and what tax has been submitted, so that you can ensure you’re properly reporting your tax. These numbers will be debited and credited in your A2X entry so you have an accurate record of your MFT. You control…

It is done periodically to check whether the bank-related transactions are recorded properly in your books of accounts. Once the adjusted balance of the cash book is worked out, then the bank reconciliation statement can be prepared. In this way, the number of items that cause the difference between the passbook and the cash book…

The components of an income statement may differ from one company to another depending on the regulatory requirements and the type of operations or business conducted. It’s harder to see growth in a balance sheet because not all businesses grow by acquiring more assets. Service businesses show growth through increasing revenue, for example. Assets are…

A well-thought-out trading plan, discipline, and a robust risk management strategy are crucial components for anyone considering this approach. For those looking for a long-term trading strategy, compound trading can be an excellent choice. It encourages patience and discipline, as traders need to resist the temptation to withdraw profits immediately. The beauty of compound trading…

Tax depreciation is the depreciation that can be listed as an expense on a tax return for a given reporting period under the applicable tax laws. Depreciation is the gradual charging to expense of a fixed asset’s cost over its useful life. In addition, most accounting standards require companies to disclose their accumulated depreciation on…

Tax depreciation is the depreciation that can be listed as an expense on a tax return for a given reporting period under the applicable tax laws. Depreciation is the gradual charging to expense of a fixed asset’s cost over its useful life. In addition, most accounting standards require companies to disclose their accumulated depreciation on…