Category: Bookkeeping

Then provide them with all the documentation they require, including W-2s, 1099s and more. Always ask to review the paperwork before it is submitted, and never sign a blank tax return. Is a full-service accounting firm that offers individualized financial services to small businesses https://www.bookstime.com/ and independent professionals in the Kansas City area. Is equipped...

As an investor, you won’t see the liability entry in the dividend payable account when the dividend is declared. The only thing you’ll notice is the final recording of the reduction in retained earnings and cash. By the time a company releases its financial statements, it’ll have already paid the dividend and recorded it in...

I was nervous about remote accounting services but to use ignite spot has been the best decision I have made for my office. We ignite spot accounting use their Bookkeeping, Accounting, Controller and CFO services. The owner Dan is always there to jump in and help if needed. In addition, if you find yourself in...

It is designed for companies to keep costs down by purchasing the greatest amount possible of multiple product units to minimize the need to reorder items individually. Less common types of inventory might include safety stock, packing materials, cycle inventory, service inventory, transit, theoretical, excess and maintenance, and decoupling inventory. Let’s delve into how categorizing...

Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav. Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. QuickBooks Online Advanced supports the upload of 1000 transaction lines for invoices at one...

Often, small businesses don’t have the expertise to handle a lot of the tax matters related to their business. They can also handle administrative tasks such as budgeting, bookkeeping, financial accounting and reporting, invoicing, tax planning, and tax preparation and filing. As a Tax Specialist (Tax Compliance Officer), you’ll audit financial records of individuals and...