Bookkeeping Services How to do Bookkeeping

You should also hold onto the proof of purchase if you plan to claim that expense as a tax deduction. Again, you can write these details into a book or spreadsheet. Or you can automate the task so all revenue recognition principles the debits from your business bank account stream into your bookkeeping software. We […]

What does mm mean in measurement?

Content British Dictionary definitions for mm (3 of Contents Browse Abbreviations.com Browse Definitions.net Part Of the Metric System: Units of measurement However, the length of the wheat grain, the size of an ant, the thickness of a paper, etc., are some measures we find difficult to express in bigger units of measurement like meters. Here, […]

What’s the Role of Your Back Office?

Content Top 40 BPO companies in the Philippines 2022 Hubspot Inbound Exam True or false? An effective conversion path must include a landing page. What are the steps for creating a conversion path? What kinds of information does your sales team likely need included in each persona? Capture your customer success best practices with built-in […]

What is Invoice Factoring and How it Works

Content Indicators of Business “Health” Solutions When should your company use invoice factoring? Resources for Your Growing Business Invoice Factoring Vs. Bank Overdraft—Which Is Best for Your Business? How Businesses Can Recover from a Recession How the Invoice Factoring Process Works Types of invoice factoring Invoice factoring, also known as accounts receivable factoring, gives small […]

How Does Invoice Factoring Work? A Guide to B2B Businesses 2023

Content Specialized factoring How to Budget for a Construction Business Expansion Are there costs involved in invoice financing? Discount rate or factoring fee What happens if a debtor refuses to pay an invoice? The Disadvantages of Invoice Financing Example of Invoice Financing Is invoice discounting (a type of invoice financing) cheaper than factoring? The terms […]

Profit and Loss Report: A Beginners Guide

Companies spread the cost of these assets over the periods they are used. This process of spreading these costs is called depreciation or amortization. The “charge” for using these assets during the period is a fraction of the original cost of the Gains and Losses vs. Revenue and Expenses assets. The next line subtracts the […]

What to Know About Filing a Business Tax Extension

Content What are estimated quarterly tax payments? Franchise Tax Extensions of Time to File Updated publication provides guidance on Gross Receipts Tax changes Remember to file by the October deadline No paper or electronic extension form needs to be filed to obtain the automatic extension. You will need to mark the box on Form CIFT-620 […]

All Features of General Ledger Accounting

Content Is a cash book an accounting ledger or a journal? General Ledger – GL Accounts How to Use A General Ledger Resources Our Services Accounts in a general ledger Some of the most common types of subledgers include accounts payable, accounts receivable, cash, assets, expenses, and income. A general ledger is used to record […]

Law Firm Accounting and Bookkeeping: Tips and Best Practices JurisPage Legal Marketing

Content Key Positions in Small Business Accounting and Finance Departments Financial Auditor Should Your Law Firm Hire a Bookkeeper and an Accountant? Incorrectly differentiating income and revenue Law firms also benefit from being able to keep client and financial data perfectly in sync. Users can also trial Xero for free before committing to use it […]