Category: Bookkeeping

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Dr. Drew has published over 20 academic articles in scholarly journals. He is the former editor of the Journal of Learning Development in Higher Education and holds a PhD in Education from ACU. Viktoriya Sus is an academic writer specializing mainly in economics and business from Ukraine. She holds a Master’s degree in International Business…

At the conclusion of this guide, you will be prepared to manage the financial issues that construction companies experience. Many construction firms enter into government contracts, where paperwork and records are https://www.inkl.com/news/the-significance-of-construction-bookkeeping-for-streamlining-projects essential to getting paid. These types of contracts require thorough, complete, and accurate bookkeeping records. Regardless of the type of payment schedule you…

Generally, accountants must have a bachelor’s degree in accounting or a related field. By obtaining a Certified Public Accountant (CPA) license, an accountant can demonstrate a higher level of expertise. Many accountants become CPAs by completing a master’s degree program and passing the CPA exam for their state. Neglectful – Brushing the issue under the…

If the buyer maintains a purchases returns and allowances journal, then the goods returned by him would be recorded in that journal, rather than in the general journal. Let’s say you’re considering doing business with a fictional company called XYZ Inc. You just had a bad experience with another vendor who paid you very late,…

It’s an ideal plan for businesses that need minimal monthly support, though if you want more than two hours of help a month, you’ll save more money simply going with a service like inDinero or Bench.co. However, Merritt can still recommend a solid payroll provider or tax consultant who meets your needs. Challenges in working…

Under cash accounting, any income you receive during the tax year is included in your taxable income. This means you can claim those deductions in the year that you pay for them, even if you purchase them outside that tax year. If a the rules of working with tax returns for unexperienced accountants small business…