Category: Bookkeeping

This might include showing apartments, inspecting grounds, meeting with owners, finding and screening tenants, completing paperwork, and other tasks. Property managers may work for real estate companies, apartment complexes, property developers, or property management firms. To become a plumber, you need a high school degree, but there’s often vocational training, apprenticeship, and licensing required. Plumbers…

After completing the allocation, it’s important to review the amounts to ensure accuracy. Double-check the allocated amounts and verify that they align with your intended distribution of the deposit. Please note that the allocation process in QuickBooks Online may vary based on your account settings or preferences. The software offers flexibility in customizing account allocations…

We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. With plans starting at $15 a month, FreshBooks is well-suited for freelancers, solopreneurs, and small-business owners alike. We spend hours researching and evaluating each accounting software system we review at Merchant…

If your business involves long-term projects with multiple phases, project-based accounting can provide detailed financial insights needed to keep everything on track. Construction companies either own their equipment or rent it for particular jobs. The costs of rental equipment will need to be factored in, as well as the invoicing due for obtaining it. Companies…

Payment gateways allow you to accept payments from your customers. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Pro offers 14 payment processing integrations, or you can use QuickBooks Payments. QuickBooks Premier and Enterprise offer significantly fewer payment gateways, so you’re basically looking at QuickBooks Payments. One of the biggest differences between…

Payment gateways allow you to accept payments from your customers. Common payment processing options include PayPal, Stripe, Square, and Authorize.Net. QuickBooks Pro offers 14 payment processing integrations, or you can use QuickBooks Payments. QuickBooks Premier and Enterprise offer significantly fewer payment gateways, so you’re basically looking at QuickBooks Payments. One of the biggest differences between…

If lawmakers excluded certain categories of goods or services from the VAT base, it would require a higher tax rate to generate the same revenue as the option we simulated. Appendix Table 2 illustrates one such example of a narrow tax base. Within the 10-year budget window, the reform would reduce federal revenue by slightly…

On the other hand, companies may receive money even if they haven’t transferred goods yet. When services or products are provided to customers, the deferred revenue is reduced and the corresponding amount of earned revenue is recognized. In this case, companies don’t need to recognize unearned revenue or liabilities on their income statement, as all…

This means that if one is sure that there won’t be any major correction in the market just after your investment date then lumpsum investment (one-time investment) is preferable. Systematic Investment Plan or SIP is the most disciplined style of investment in which a fixed amount of money is invested at regular intervals (yearly, quarterly,…

It’s vital to differentiate between these sources of earnings when assessing a company’s financial strategy and sustainability. The retained earnings of a company are the total profits generated since inception, net of any dividend issuances to shareholders. Some benefits of reinvesting in retained earnings include increased growth potential and improved profitability. Reinvesting profits back into…