We handle the hard part of finding the right tax professional by matching you with a Pro who has the right experience to meet your unique needs and will manage your bookkeeping and file taxes for you. Maximize eligible deductions, file accurately with an expert. Before TCJA, the SALT deduction was unlimited, but the so-called
Category Archives: Bookkeeping
Effective management of aspects such as debt and receivables is vital since it impacts how debit transactions are reflected under the owner’s equity. By maintaining this clear separation, sole proprietors can better prepare for future investments, expansions, or transitions to other business structures. The revenue a company shareholder can claim after debts have been paid
While financial KPIs help you determine your operational achievements from a financial perspective, operational KPIs are generally measured for the short term. By understanding these KPIs, you are in a better mindset to analyze your business’s financial performance. Moreover, you can use the knowledge to iterate your strategies and objectives at any point. Often the
The right side of the T-account is the credit side. T-accounts are used as an aid for managing debits and credits when using double-entry accounting. Used more as a support mechanism, accounting T-accounts can be helpful for small business owners and entry-level bookkeepers who are making the move to double-entry accounting. Entry at the Time
Other reconciliations turn non-GAAP measures, such as earnings before interest, taxes, depreciation, and amortization (EBITDA), into their GAAP-approved counterparts. By systematically reconciling accounts, businesses can ensure they are working with the most accurate, up-to-date financial information. Balance sheet account reconciliation can cover everything from cash and investments to liabilities and shareholders’ equity (any accounts found
Standout features include customizable reminders and customer communications, inventory management tools, simplified vendor and customer portals, and more. In this post, we’ll cover the six best accounts receivable software to help small businesses reduce the number of days it takes to get paid. Preventing overdue payments and skillfully handling clients who pay late is an