The 3 Main Types of Credit Explained Self Credit Builder
November 23, 2021
ContentWhat are the pros and cons of a personal line of credit?Experian vs. Credit Karma: What’s the difference — and...
Bookkeeping
How to add clients to QuickBooks Online Accountant no matter who they are
November 17, 2021
ContentWhere bookkeeping ends, accounting beginsFind out what happens when you invite your accountantQuickBooks Online resourcesResolve all Uncategorized QuickBooks Transactions for free!Wave This feature is only available in the QuickBooks Online Essentials version. In an ideal world, all of your clients would be using QuickBooks Online or...
13 Best Accounts Receivable and Accounts Payable Software
November 17, 2021
Bill (formerly branded as Bill.com) is an accounts payable and accounts receivable platform that’s fully web-based. It’s most popular as an AP tool, but it has expanded to cover AR as well—and offers ample automation features in both categories. It integrates with most financial...
Instructions for Form 990 Return of Organization Exempt From Income Tax 2022 Internal Revenue Service
November 15, 2021
If the amount on line 24e exceeds 10% of the amount on line 25, column (A), the organization must list the type and amount of each line 24e expense on Schedule O (Form 990). For example, report expenses for employee events such as a picnic...
How to Manage Payroll for a Small Business
November 15, 2021
In payroll records, you must keep documents like the employee’s Form W-4, pre-tax and post-tax wages, and total hours worked each workweek. The FUTA tax rate is a percentage of employee wages up to the first $7,000 paid to each employee. Most employers pay .06%,...
Net Present Value Profile: How to Use NPV Profile to Compare the Sensitivity of Investment Projects
November 11, 2021
In the realm of business analytics, the advent of sophisticated tools has been a game-changer,...
A Guide to Small Business Accounting for Beginners
November 9, 2021
Cash transactions in a sole proprietorship should be recorded daily. Each cash inflow and outflow is tracked within a cash disbursements journal or similar tool. This attention to detail aids in preventing discrepancies in cash flows and ensures that the business’s cash on hand is...
Ecommerce Portals: Development and Investment Guide
October 25, 2021
Transaction fees are reduced as you upgrade to plans with higher subscription costs. We calculate estimated tax payments and associated penalties believe everyone should be able to make financial decisions with confidence. Ecommerce can take many forms, such as online shopping, digital downloads, online subscriptions,...
Depreciation Causes, Methods of Calculating, and Examples
October 13, 2021
Since an asset benefits your business over an extended period, this expense is recorded over time to allocate the asset’s cost over the periods it benefited the company. To illustrate an Accumulated Depreciation account, assume that a retailer purchased a delivery truck for $70,000 and...
How to apply for an ITIN number
October 13, 2021
Moreover, the steps for obtaining an ITIN become slightly more complex when reporting U.S. taxes while living abroad. Foreign buyers and sellers of U.S. real property interests need Taxpayer Identification Numbers (TINs) to request reduced tax withholding when disposing of the property interest, and to...