Articles

The organizational form of your company in the USA and the choice of the form of taxation will determine the taxes you pay. Yet, there are basic payroll tax responsibilities that every employer should know about, and this is what we..

Every business and even freelancers need to keep track of their financial data, such as sales, purchases, and taxes. Of course, they can choose to do it the old-fashioned way. However, if they have accounting software, it is much easier and..

One of the steps in an accounting cycle is the process called adjusting entries. Accountants record these journal entries in the general ledger accounts and usually prepare them at the end of the financial year after the preparation of a trial..

According to fundamental accounting principles, the definition of a purchases journal is a special journal normally used by a business to record all purchases on credit. The ones that are done on account will impact accounts payable. Thinking of the purchases..

A journal entry by means of which the balances of various assets, liabilities, and capital appearing in the balance sheet of the previous accounting period are brought forward in the books of a current accounting period is known as an opening..

Xero is a streamlined, cloud-based, and mobile-accessible accounting software. It is designed for medium to large-sized businesses. Xero has robust features and strong accounting capabilities, so it is no wonder that it is used by over a million businesses. With Xero..

What is Wave Accounting? Wave is an award-winning financial software designed for entrepreneurs. You can use the Wave cloud accounting system for all your invoicing, reporting, receipts, quotes/estimates, and more for free! This means it is a perfect choice for startups,..

Tax day is April 15th in the US, but the sooner you file, the sooner you will be able to get your tax returns. Yet, tax filing is a process that many Americans find scary and intimidating. In this TurboTax review,..

Has your small business expanded to several or more employees? Nowadays, it is easier than ever to not only do your accounting online but also process payroll. QuickBooks Payroll Service might be just the right solution for your small or medium..