Bookkeeping / 14 posts found

How to create a transfer between two accounts

by htn
How to create a transfer between two accounts Xero and QBO Plus both offer location tracking which would meet your needs. You’ll see all income and expenses broken down by account/category there. Unfortunately, the list of integrations and add-ons in the review is all-inclusive (unless they’ve added something since my last update). Wave also lets you generate estimates and, when they’re accepted, convert them into invoices. However, one thing Wave doesn’t offer is the ability to apply payments against a retainer. As you click on each section icon, a submenu of options for that area appears. QuickBooks Online, like Wave, […]

Small Business Accounting 101: How to Set Up and Manage Your Books

by htn
Small Business Accounting 101: How to Set Up and Manage Your Books SlickPie is an online accounting software program that is tailored for smaller businesses. The software is completely online, making it accessible from almost anywhere. It offers online invoices, allowing the user to either use one of the pre-set themes or offering a program that allows users to customize the look of their invoices. Along with online invoicing, the program offers online billing and document management. Through SlickPie, users can produce financial reports to monitor business growth. Additionally, the Xero dashboard and home screens for each function help businesses […]

The Income Statement

by htn
The Income Statement How Do the Balance Sheet and Cash Flow Statement Differ? Statements of change in equity are one of the financial statements that show the shareholder contribution, and movement in equity. It is different from the income statement since the balance sheet reports account’s balance at the reporting date while income statement reports that the account’s transactions during the reporting period. The balance sheet is sometimes called the statement of financial position since it shows the values of the net worth of the entity. The legislature acted quickly to fortify financial reporting requirements and stem the decline in […]

Bookkeeping, Accounting, and Auditing Clerks : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics

by htn
Bookkeeping, Accounting, and Auditing Clerks : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics However, because they are busy, they usually don’t have time to look for one. Bookkeepers who work for multiple firms may visit their clients’ places of business. They often work alone, but sometimes they collaborate with accountants, managers, and auditing clerks from other departments. Your tax accountant is clamoring for financial data, and the bank wants a set of current financial statements. For accountants, it means you’ll spend less time verifying the work that a bookkeeper or other employee has performed. Instead, accountants can now […]

How to Calculate Profit Margin at Your Small Business

by htn
How to Calculate Profit Margin at Your Small Business She has worked with other small business owners who think it is enough to simply “know” their company made $30,000 during the year (based only on the fact that it owns $30,000 more than it did on January 1). Those are the people who start off on the wrong foot and end up in Marilyn’s office looking for financial advice. A potential acquirer will pay particular attention to the various types of assets listed on the balance sheet of a target company. The emphasis will be on judging whether the asset […]

Online Bookkeeping Jobs: Who Hires Bookkeepers From Home?

by htn
Online Bookkeeping Jobs: Who Hires Bookkeepers From Home? Our explanation of bookkeeping attempts to provide you with an understanding of bookkeeping and its relationship with accounting. Our goal is to increase your knowledge and confidence in bookkeeping, accounting and business. If your name was June Smith, then name your business June Smith Bookkeeping Services. The reason is that you will not have to pay tax until much later. That is really important when you are starting a new business. Whilst you build up your client list, you need to conserve as much money as possible. If you were to form […]

What Is the Difference Between a Bookkeeper & Accounting Clerk?

by htn
What Is the Difference Between a Bookkeeper & Accounting Clerk? While accounting can be a lucrative long-term career, most accountants, unlike corporate attorneys or investment bankers, do not command huge salaries during the first few years. Accountants, though not formally required to do so, traditionally acquire their CPA certification as well as their Master’s degrees. Bookkeeping is where accountants generally start their careers as the barriers to entry are lower and pay is decent. Stress is part of the workplace, especially in high-pressure jobs like bookkeeping. Facebook is undoubtedly a popular social media site that is used by professionals to […]

3.4 Journal Entries

by htn
3.4 Journal Entries Matching does not mean that expenses must be identifiable with revenues. This concept calls for an adjustment to be made in respect of prepaid expenses, outstanding expenses, accrued revenue, and unaccrued revenues. The balance carried over from your last bill – which could be a debit or credit balance. An asset account is debited when there is an increase, such as in this case. It’s easy to understand why an Asset account is positive since it tracks the company’s Cash and other valuable possessions, but what about Expenses? Well, the services and supplies required to run the […]

Book keeping Degree Programs Online

by htn
Book keeping Degree Programs Online Compare the job duties, education, job growth, and pay of bookkeeping, accounting, and auditing clerks with similar occupations. Foster says there is a strong feeling that desktop software will stagnate and no longer be developed or supported in the long term and that technology will result in a falling income for bookkeepers. Before you start courting clients, make sure you have an attractive and professional website in place. You don’t need to be all that tech-savvy or spend a lot of money to achieve this either! Use a service like Wix or Squarespace to make […]

Study Skills: Learn How To Study Accounting

by htn
Study Skills: Learn How To Study Accounting When you finish studying a new topic from your textbook, try to put it in your own words. Putting concepts in your own words and explaining them aloud is far more effective than reading a text over and over again. Many entrepreneurs are very smart and driven people and they can figure out how to do most things. While many accounting software programs can help make accounting easier, the larger question a business owner should be asking is whether they should even be doing these tasks. What may only be a something that […]