Category: Bookkeeping

Content Educator Expenses Support Sound Tax Policy Who Benefits from Itemized Deductions? Are Closing Costs Tax-Deductible? How to make an estimate of your expected income The total of all these sources of income is arrived at on line 10 of Schedule 1 and transfers to line 8 of the 2022 Form 1040. Learn how to… Continue reading What Is Adjusted Gross Income AGI, and How Do You Calculate It?

Content Deferred vs. recognized revenue Deducting from Unearned Revenue Need Accounting Help? Accurate reporting What is an example of unearned revenue? When do you record unearned revenue? As the prepaid service or product is gradually delivered over time, it is recognized as revenue on the income statement. You record prepaid revenue as soon as you receive… Continue reading Unearned revenue is what type of account?

Content Examples of Balance Equity in a sentence Balance Equity definition Creating an Opening Balance Sheet: Structure, Content, Tips COMPANY ADDRESS How can we enter an Opening Balance for Equity on other Balance Sheet Accounts? Freelancers may submit an income statement to the tax office and this will exempt them from the balance sheet obligation.… Continue reading Same Old Problems Opening Balance Equity

Now, our focus here again was let’s not let billing get in the way of providing excellent clinical care. And then we also took this opportunity, this necessity for billing, to enhance our clinical and outcome measurement. So, a few of these are going to be with us for a little while, but that’s something… Continue reading Beginners Guide to Mental Health Billing for Therapists

Content What are Fringe Benefits? Optional Fringe Benefits Do you have any job openings? So basically everything sucks and money is a scam? Finding Out What Fringe Benefits Are Important To Your Employees Don’t Let Your Credit Card Sabotage Your Business In his free time, Brian is an avid golfer and hiker, spending as much… Continue reading Fringe Banking: Loans, Pawns, & Financial Exclusion in Canada

Content Payment processing fees and bookkeeping Computerized bookkeeping Examples of bookkeeping What is Bookkeeping? What are the best tools for ecommerce bookkeeping? Bookkeeping in the Old Days Traces of financial and numerical records can be found for nearly every civilization with a commercial background. Records of commercial contracts have been found in the ruins of… Continue reading The Beginner’s Guide to Bookkeeping

Content Breaking Down The Balance Sheet Open Capital Assets sub menu Current assets vs. fixed assets What is Utilities Expense? Regulatory Asset: What it is, How it Works, Example Reporting Companies typically select an ending period that corresponds to a time when their business activities have reached the lowest point in their annual cycle, which… Continue reading Manufacturing overhead MOH cost How to calculate MOH Cost

Content Remove Unneeded Services Experience the CLA Promise Outsourced fiscal year-end financial filing Expert Accountants and Bookkeepers Staff Picks Bookkeeper360: Best for hourly bookkeeping The Best Outsourced Bookkeeping for CPAs Option Companies in the US are required to file annual reports that detail their financial health. Outsourcing does have its disadvantages that you should be… Continue reading Focus On Your Clients By Outsourcing Your Accounting

Content California Sales Tax Exemption Certificate California Sales Tax By Zip Code What are California’s sales tax deadlines? California Sales Tax: Where Does the Money Go? California City, California sales tax rate Determining California Sales Tax Nexus for Out of State Sellers Now that you have your rate, make sales tax returns easier too Without… Continue reading California City and County Sales and Use Tax Rates Cities, Counties and Tax Rates California Department of Tax and Fee Administration

Content Why Is It Important to Track Your General and Administrative Expenses? Types of Selling, General & Administrative Expense (SG&A) Administrative Costs Definition Administrative Expenses 108 Contracts with nonprofit organizations. AccountingTools What Are Administrative Expenses, and What Are Some Examples? If the Federal awarding agency obtains the research data solely in response to a FOIA… Continue reading SG&A Meaning: Selling, General & Administrative Expenses Definition