Category: Bookkeeping

Notably, Texas has two cities (Dallas and Houston) in the top five employers of bookkeeping, accounting, and auditing clerks among metro areas. Depending on the employer, bookkeepers suspense account in quickbooks may qualify for other forms of compensation, such as performance bonuses. Industry observers agree that software improvements have made bookkeeping more efficient. They often…

The higher the interest rate—and to a lesser extent, the smaller the compounding periods—the greater the difference between the APR and APY. The Truth in Lending Act (TILA) of 1968 mandates that lenders disclose the APR they charge to borrowers. Credit card companies are allowed to advertise interest rates on a monthly basis, but they…

Many organizations mistakenly think that all employees need to receive all messages. As for your goals, you may want to know what improved internal communication can do for your firm. You’ll need to begin by rethinking your internal communication processes. For this best-practice, you’ll need to conduct a detailed introspection. It is best to not…

Starting at $30 per month (70 percent ff for the first three months), QuickBooks Online offers features, such as a more robust mobile app, real-time collaboration and access on the go. QuickBooks Desktop is more traditional accounting software that you download and install on your computer, while QuickBooks Online is cloud-based accounting software you access…

K is also used in computing to mean “kilobyte,” but mostly in commercial contexts as a shortening of KB (see CMOS 10.49). To further muddy the waters, K can also mean “kelvin,” which is the base unit of temperature. A small-scale clothes manufacturing company, Weavers & Co., records the following data in its income statement.…

If you plan to use petty cash for small business purchases like postage and office supplies, it may be handy to use the petty cash log to keep track of your transactions. Keeping careful records of cash expenditures will be a huge help when it comes time to reconcile your petty cash account. However, using…

You don’t want to be those people, and when you lose focus on what others have or do with their money, you will encounter what it’s like to be financially content. Because budgeting is excellent for keeping you from feeling financially overwhelmed. Since you have a budget, you know exactly how much money you earn…

HighRadius’ Autonomous Accounting Software is a good choice if you are looking to automate your finance & accounting operations. My Accounting Course  is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. A financial professional will offer guidance based…

Failure to collect and remit sales tax can result in penalties and fines, so staying on top of your tax obligations is essential. If you don’t have a strong internet connection or if you’re working offline, it might be an issue. – Process credit cards quickly with real-time merchant services provided by Wave. – You…

Gross revenue is reported without subtracting any expenses or costs, whether that be taxes, goods sold, or operating expenses, this is the key difference between gross and net revenue. Gross revenue retention measures the revenue lost from the company’s customer base, not accounting for expansion revenue obtained from cross-sales and upsells. Net revenue is the difference between…