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February 18, 2020

Charles Lutwidge
What are Financial Statements?

What are Financial Statements?

Financial statements Definition The term financial statements refer to four accounting reports. In financial accounting, we have four financial statements. Accountants typically prepare them in the following order:  Profit and Loss Statement Statement of Retained Earnings  Balance Sheet  Statement of Cash..

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February 17, 2020

Charles Lutwidge
What is an Income Statement?

What is an Income Statement?

Profit and loss statement, better known as an income statement, measures the business’s performance and shows its historical record of the trading over a specified period. It reflects the profit or loss made by the business, which is all the earnings..

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February 17, 2020

Charles Lutwidge
What is a Cash Flow Statement?

What is a Cash Flow Statement?

The cash flow statement is a report that gives the movement of money (cash, cash equitable, marketable securities, bank balance) during the period under consideration. It shows the amount and various sources of money generated and used by a business during..

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February 17, 2020

Charles Lutwidge
What Are 1099s?

What Are 1099s?

Form 1099 is a group of federal income tax information documents similar to a W2 that employees receive at the end of the year to prepare their income tax return, only it is for independent contractors. Independent contractors are providing services..

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February 17, 2020

Charles Lutwidge
Tax Season 2020: What You Need to Know

Tax Season 2020: What You Need to Know

Changes for the 2020 Tax Season That Can Affect Your 2019 Taxes With the recent tax reform law, the way you will be doing taxes this year will slightly differ. So, what are some changes that came into effect in the..

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February 17, 2020

Charles Lutwidge
NetSuite ERP Review

NetSuite ERP Review

You’ve probably heard about cloud ERP software. You may have come across NetSuite, the #1 cloud ERP software suite. Yet, why consider NetSuite as your business management software? In this article, we will try to help you make the right ERP..

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February 17, 2020

Charles Lutwidge
Kashoo Review

Kashoo Review

Here you are running your business, hiring employees, and marketing your business, but if you are like most small business owners, you don’t have any more time or desire to learn to account. We don’t blame you at all. Luckily for..

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February 17, 2020

Charles Lutwidge
GoDaddy Bookkeeping Reviews

GoDaddy Bookkeeping Reviews

Learn How Bookstime Is Different GoDaddy Bookkeeping will make your life as a business owner a lot easier. You will not have to stress about accounting because everything will be organized in one place and perfectly kept track of without hours..

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February 17, 2020

Charles Lutwidge
Sage 50cloud Review

Sage 50cloud Review

What is Sage 50cloud? We all know very well; that time is money. Sage 50cloud is time-saving accounting software that is built to help businesses succeed. With Sage 50 cloud, you can be more productive than ever. Sage 50cloud Pro Accounting..

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