Most people think the bookkeeping industry neither has, nor offers, any form of professional standards. Since most small businesses are not aware of professional bookkeeping standards or certification they don’t seek out a bookkeeper who is certified. Since that time, he has trained tens of thousands of accountants, bookkeepers, and tax preparers in practice and … Continue reading “Professional bookkeeper: America’s #1 Bookkeeper Certifications”
Payroll automation: Payroll Software Online Payroll Services
Posted on Posted on: 09.06.2023Categories Bookkeeping 101That’s why often why most automated payroll management systems feature a dedicated tax filing process. Payroll automation is the process of streamlining payroll processing through the appropriate payroll management system. Automated payroll is a right way to simplify the process of paying your employees. In this post, we highlighted the importance of an automated payroll … Continue reading “Payroll automation: Payroll Software Online Payroll Services”
Paypal accounting: Best Accounting Software for PayPal
Posted on Posted on: 09.06.2023Categories Bookkeeping 101There are three ways to record money received from the customer and the fee charged by PayPal. Any new ledger account would need to be an created as an Overhead and be visible in both sales and purchases. Consider where you want to record the fees paid to PayPal. You could record them using an … Continue reading “Paypal accounting: Best Accounting Software for PayPal”
Partnership accounting: Partnership Accounting
Posted on Posted on: 09.06.2023Categories Bookkeeping 101Whenever more than one person enters into business together, a partnership is formed. In the best-case scenario, a partnership agreement is drafted and the rules of the partnership are expressed to all of the partners. A partnership is a solution to the limitations of the sole proprietorship business. Finally, let’s assume that Partner C had … Continue reading “Partnership accounting: Partnership Accounting”
Part time accounting: Best Part time Courses Programs in Accounting 2023
Posted on Posted on: 08.06.2023Categories Bookkeeping 101Browse thousands of study programs from around the world.Higher education is more than a college degree. ACADEMICCOURSES connects students with educators providing courses, preparatory years, short programs, certificates, diplomas, and more. Trusted by students since 2002, ACADEMICCOURSES is your multilingual gateway to higher and continuing education close to home and around the world. Click the … Continue reading “Part time accounting: Best Part time Courses Programs in Accounting 2023”
Owners draw vs salary: Owners Draw vs Salary: How to Pay Yourself Bench Accounting
Posted on Posted on: 08.06.2023Categories Bookkeeping 101I love OnPay because it has a user-friendly interface where other payroll services can sometimes be confusing for a small business owner to understand and use effectively. OnPay also integrates with Quickbooks online seamlessly, which saves me a ton of time from manually inputting payroll reports. Later in your business life, you may be able … Continue reading “Owners draw vs salary: Owners Draw vs Salary: How to Pay Yourself Bench Accounting”
Outsourced accounting: Ways Outsourced Accounting Can Benefit Your Business
Posted on Posted on: 08.06.2023Categories Bookkeeping 101If your business has never outsourced accounting before, you may have some questions. We will discuss the answers to these questions in the article below. If you feel now is the best time to start outsourcing your accounting department, you have a choice of firms that specialize in it. Although you may lose some control, … Continue reading “Outsourced accounting: Ways Outsourced Accounting Can Benefit Your Business”
Outsourced cfo: What is an Outsourced CFO & What Do They Do?
Posted on Posted on: 08.06.2023Categories Bookkeeping 101Outsourcing a CFO gives you access to specialized knowledge that may not be feasible with an in-house hire, such as risk management, cash flow forecasting, financial reporting, and capital structure optimization. Outsourcing a CFO often has flexibility in services and costs, allowing businesses to save substantially by avoiding a full-time employee’s hiring and onboarding expenses. … Continue reading “Outsourced cfo: What is an Outsourced CFO & What Do They Do?”
Outsource invoicing: Is It Time to Outsource Invoicing?
Posted on Posted on: 08.06.2023Categories Bookkeeping 101Consult with your IT department to learn more about how you can permit your assistant to access only to needed areas of the system. Make sure to include any specific requirements or guidelines as well as examples. There is no telling exactly what each day will look like in any organization. Though they would all … Continue reading “Outsource invoicing: Is It Time to Outsource Invoicing?”
Obsolete inventory: What is obsolete inventory?
Posted on Posted on: 08.06.2023Categories Bookkeeping 101This is usually done when a product has become so outdated that it has no value left or is a net negative for the company. If they walk into a store filled with too many different products, they might walk right back out. It is a delicate balance between having enough stock to satisfy customers and … Continue reading “Obsolete inventory: What is obsolete inventory?”