Category: Bookkeeping

The app also has excellent project management features, making it easy to juggle multiple projects simultaneously and ensure all your field teams are on the same page. This feature is a life-saver for project managers since it…

Like many other young women at the time, Wanita then had to leave the workforce. One of her primary assignments during the war was to process paychecks for soldiers, or their widows. Stumbling on familiar names was…

This process helps identify inconsistencies between subsidiaries and unrecorded transactions or balances on the books of group companies. For example, the internal record of cash receipts and disbursements can be compared to the bank statement to see…

If a transaction does not meet the requirements to be reported, it must be reported in the following period. This will result in the current period being understated and future periods being overstated, making it difficult for…

Your client or customer can pay you on the go, from any mobile device or desktop computer. If for any reason your invoice goes unpaid after the due date, Square gives you the option to set up…

You’ll then be given an overview of the basics of the brewery balance sheet, income statement, and cash flow statements to understand how they all tie together for your future brewery business. Brewery cost accounting will be…

In short, there are quite a few business benefits to using BPA – both those that positively impact the organization as well as employees. Since BPA platforms can operate at such scale and efficiency, they can vastly…

At a minimum, you should complete Form W-7 when you are ready to file your federal income tax return by the return’s prescribed due date. If the tax return you attach to Form W-7 is filed after…

To recognize the costs of the contract, they’ll credit Construction in Progress and debit their expenses. This notification of accounting change is referred to as an automatic change because it is considered “automatically” approved. You assume IRS…

Accounts payable automation refers to implementing software solutions designed to streamline and automate accounts payable processes within your organization. Businesses can reduce manual data entry, minimize errors, and improve overall efficiency by automating tasks such as invoice…