Most businesses normally apply one of two basic accounting methods in their bookkeeping systems that is cash basis or accrual basis. Although the accrual basis is used by most S corporations or C corporation. The most suitable approach for your business depends on...
This year, if you have delayed your tax planning and filing, then these last-minute tax tips could be just what you need as you face the looming deadline. Company owners also accept that the most difficult time of the year is the tax season. You not only need to think...
To understand deferred revenue you have to know its meaning & examples in detail. In simple terms, it is a type of revenue that a company receives, however it is not yet earned as it is the money earned by an organization for goods and services which have not been...
We’re seeing an extreme shift in what “the office” signifies. For all intents and purposes, each unnecessary business that has been made due to April has gone virtual. As opposed to working in shared physical areas, a great many individuals are...
You can use the check-in QuickBooks online to Void Check or Delete Check feature to cancel and refund the balance deducted from your bank account. Voiding a check provides the most accurate record and is recommended for most reverse transaction checks. Deleting a...
Who gets you up in the night as a business owner? Provision of product rodents?? A computer virus that prevents access to software in your accounting system? The IRS’s reckoned audits notice? Audits are particularly terrifying for small or medium-sized...
