Articles

October 10, 2020

Charles Lutwidge
Federal Insurance Contributions Act (FICA)
Federal Insurance Contributions Act (FICA)

What is FICA? The Federal Insurance Contributions Act (FICA) is a U.S. tax law that pays for Social Security and medical assistance programs. The Social Security Service pays pensions and survivors’ benefits, as well as benefits for the disabled. Medicare pays..

Articles

October 10, 2020

Charles Lutwidge
Minimum Wage and Overtime Pay
Minimum Wage and Overtime Pay

The United States of America is a large, diverse country, with many regions differing significantly in socio-economic and cultural terms. In general, the local population has a good standard of living, and a stable wage for the average American is considered..

Articles

September 09, 2020

Charles Lutwidge
Income Summary Account
Income Summary Account

Accounting requires all accounts to be balanced in such a way that there is no unrecorded amount of money left over when accessing the books. This requires following the rules for debits and credits, depending through which account the money is..

Articles

September 09, 2020

Charles Lutwidge
Statement of Stockholders Equity
Statement of Stockholders Equity

Definition Equity is the residual interest in the assets of a business after deducting all of its liabilities. It represents the claims of the owners on the assets of the company. Equity capital includes funds directly invested in the company by..

Articles

September 09, 2020

Charles Lutwidge
Cash Flow from Operating Activities
Cash Flow from Operating Activities

Company executives are interested in financial security and business stability, which is largely determined by the generated cash flow. In the course of its activities, an enterprise or company generates various cash flows. They can have a different focus – the..

Articles

September 09, 2020

Charles Lutwidge
Balance Sheet Template and Structure
Balance Sheet Template and Structure

Balance sheet – What is it? Everything in business, as in life, must be balanced. However, in business, this means something else. Even if you are not an accountant, you probably have heard about a Balance sheet as a thing that..

Articles

September 09, 2020

Charles Lutwidge
Cash Short and Over Account
Cash Short and Over Account

Overview Cash includes coin, paper money, checks, and money orders. Money on deposit with a bank and other financial institutions that are available for withdrawal is also considered cash. Cash is the asset most likely to be stolen or used improperly..

Articles

September 09, 2020

Charles Lutwidge
Dividends Account – Explanation and Example
Dividends Account – Explanation and Example

Definition Every once in awhile, a company may decide to distribute some of its earnings to its stockholders/shareholders. In financial accounting, they are referred to as dividends. They can happen frequently, such as every quarter, or a corporation may decide to..

Articles

September 09, 2020

Charles Lutwidge
The Suspense Account – Everything You Need to Know
The Suspense Account – Everything You Need to Know

Definition Although bookkeeping is supposed to be accurate, it might happen that some errors are made. Obviously, it will be necessary to find out why and correct the mistake. If the error cannot be found, it is necessary to insert a..

Articles

Statement of Comprehensive IncomeOverview of Reversing EntriesBasic Accounting PrinciplesIntroduction to T-AccountsEarly Payment DiscountsStock Splits and Stock DividendsRecording Transactions for BeginnersFinancial Ratios You Should KnowAmortizing Bond Premium with the Effective Interest Rate MethodFederal Insurance Contributions Act (FICA)Minimum Wage and Overtime PayIncome Summary AccountStatement of Stockholders EquityCash Flow from Operating ActivitiesBalance Sheet Template and StructureCash Short and Over AccountDividends Account - Explanation and ExampleThe Suspense Account - Everything You Need to KnowWhat is a Trial Balance?Manufacturing Overhead CostsGross vs. Net IncomeA Simple Explanation of Straight Line DepreciationInternal Controls in AccountingAccounting in Banks SimplifiedSmall Business Guide for Invoice Payment TermsWorking Capital Ratio: Definition and ExampleBetter Bookkeepers Accounting ReviewYour Guide to the Real Estate Capitalization RateCompleted Contract MethodHow to Calculate the Present Value of a Single AmountMinimum Wages in the United StatesHow to Increase Your Business ProfitabilityYour Guide to Inventory AccountingPaperless Invoicing - Can and Should Your Business Do It?Cash Flow ProjectionForm W-8 Defined and ExplainedPropeller Industries ReviewSalt Lake City Bookkeeping ReviewFinancial Statements Audit ReportNon-Profit Statement of ActivitiesYour Guide to Form 990Everything You Need to Know About In-Kind DonationsYour Guide to Tax FilingsSingle vs. Double Entry BookkeepingThe Balance Sheet BasicsNon-Manufacturing Overhead CostsTOA Global Accounting ReviewThe Meaning and Benefits of 501 (c3) for Donors and OrganizationA Closer Look at Forensic AccountingJob Costing BasicsProject AccountingWork-in-Process InventoryUnrestricted Net Assets in NonprofitsAccounting for Lease TerminationIOLTA Account BasicsFixed Assets - Explanation and ExamplesAmortization Accounting for Intangible AssetsWhat are Different Types of Liability Accounts?Ignite Spot ReviewAmortization: Explanation and ExamplesFixed Asset AccountingDouble-Entry BookkeepingCost of a Bookkeeper: Can Your Business Afford One?Business Taxes: What are they and how do you calculate them?Acuity - Accounting and Bookkeeping ServicesIntroduction to Cash Flow ForecastCPA Exam Cost and License FeesBill Pay AutomationOverview of the Best Invoicing ToolsBest Payroll Software for Small BusinessesBest Accounting Software – Top 5 ChoicesHow to Hire an AccountantA Guide to Your Own Virtual Bookkeeping BusinessOverview of Fractional CFO ServicesOutsourced BookkeepingProperty Management Accounting GuideA Guide to Real Estate EscrowCryptocurrency AccountingIntroduction to Financial Statements for NonprofitsStartup Bookkeeping: Basics and TipsYour Guide to Real Estate TaxesRemote Books Online ReviewLedgerGurus Review: Virtual and Outsourced Accounting25 Highest Paid Occupations in the U.S. for 2020The 5 Richest People in the World and How Coronavirus Affected ThemHow to Fill Out Form W-4 2020The Best Practices for eCommerce BookkeepingPart-time Bookkeeping - A Solution to Your Small Business ProblemsRemote Bookkeeping for Small BusinessesBill.com ReviewOnline AccountingQuickBooks Self-Employed – a Bookkeeping Service with Online LoginWhat is a Bookkeeper?What is QuickBooks Payroll Service?Deductible ExpensesWhat is Gross Profit?What is Deferred Revenue?1-800Accountant ReviewBench Accounting ReviewReview of BotkeeperReview of inDineroWhat is Indirect Cost?What is petty cash, and why is it important for small businesses?Foreign Currency Translation — International Accounting BasicsWhat is a C Corporation (C Corp)?SmartBooks ReviewReview of KPMG SparkWhat is an S Corporation (S Corp)?Pilot Bookkeeping Service ReviewADP Run Review: Payroll Software for Small BusinessesGusto ReviewHubdoc 101: The Basics from Hubdoc Reviews ExpertsReview of ScaleFactor BookkeepingWhat are Financial Statements?What is an Income Statement?What is a Cash Flow Statement?What Are 1099s?Tax Season 2020: What You Need to KnowNetSuite ERP ReviewKashoo ReviewGoDaddy Bookkeeping ReviewsSage 50cloud ReviewSage Intacct ReviewWhat is QuickBooks Accountant?How to Become a QuickBooks ProAdvisor in 3 StepsAccounting Profit and LossPayroll Taxes and Employer ResponsibilitiesZoho Books Review — What You Need to KnowAdjusting EntriesPurchases JournalOpening Entry in AccountingWhat is Xero?Wave Accounting Review — What You Need to KnowTurboTax Review – The Best Online Tax Preparation Software or Not?Intuit Payroll ReviewWhat is FreshBooks?Balancing off AccountsCash Disbursement JournalQuickBooks Online ReviewDifferent Types of AccountingPosting in AccountingSales JournalControl AccountsContra Expense AccountAccrual to Cash ConversionTypes of Error in AccountingAccounting Transaction AnalysisWhat is the accounting cycle?What is a general ledger account?Royalties in AccountingAccruals and DeferralsWhat is the accounting equation?Retained Earnings StatementRetained Earnings Statement ExampleA Guide to Prepaid ExpensesThe Agent BackgroundHow much does an EA earn?What is the Special Enrollment Exam?What is the accounting equation?What are Retained Earnings?What is an enrolled agent, and does your business need one?Unearned Revenue and How It Is Accounted for in BusinessStatement of Retained EarningsStatement of Retained Earnings: Example CalculationRetained Earnings ExplainedWhat is retained earnings normal balance?What CPAs areCash Basis AccountingIntroducing Balance SheetWhat is the accounting equation formula?Accrual basis as an accounting methodWhat is bookkeeping, and how does it operate today?Why is accounting important?

Talk To A Bookkeeping Expert

A bookkeeping expert will contact you during business hours to discuss your needs.

QB_enterprise
QB_Advanced
QB_Desktop
QB_PointofSale
Billcom
BBB
Hubdoc
Founders_Pledge
Mindbody
Expensify
GustoPartner
Xero
Shopify Partner
CF_Partner
wboa