Category Archives: Bookkeeping

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Content Sales tax, taken care of Inventory costing or valuation methods Track expenses A Better Understanding of Retail and Gross Margin Inventory Why choose OnlineInvoices? Accurate accounting for inventory Jr. Retail Accountant The central point of this method is estimating the retailer’s ending inventory balances. For this method, the retail amounts and the related cost… Read More »

The Essential Bookkeeping Checklist for Small Businesses

Content Processing Payroll: Calculating Employee Salaries and Taxes Why do you need a bookkeeping checklist? Update Payroll Records Quarterly Bookkeeping Tasks Open Vendor Deposit Report Monthly Bookkeeping That’s why you must be aware of upcoming deadlines and plan accordingly to keep your clients’ finances in order. Complete an inventory count and check the numbers against… Read More »

Learn More About Estimated Tax Form 1040 ES

Content Use Form 1040-ES for estimated tax payments Checking your browser before accessing When To File Form 1040-ES Required Information What is the 1040 ES form? Estimated Tax Payments: How They Work, When to Pay in 2023 If we are not able to connect you to one of our tax professionals, we will refund… Read More »

Par Value of Share How to Determine the Par Value of Share?

Content Business Development Treasury Stock What Is the Difference Between Common Stock and Paid-In Capital? Discuss the Major Characteristics of a Corporation Any amount received in addition to the value is shown under the additional paid-up capital head. In contrast to common stock, the price of bonds and preferred stock are far more sensitive to… Read More »

What is a Contra Asset Account?

Content Example of a Contra Asset Account Definition of Contra Asset Account What Is a Contra Account & Why Is It Important? Contra Asset Journal Entry Accounting Everything You Need To Build Your Accounting Skills This balance is used to offset the value of the asset being depreciated, so as of September 1, your $8,000… Read More »

Why Is Reconciliation Important in Accounting?

If you find any bank adjustments, record them in your personal records and adjust the balance accordingly. If you’ve been charged a fee in error, contact your bank to resolve the issue. Data automatically uploads into your Enterprise Resource program(ERP) system, making the reconciliation process virtually seamless. Cross River Bank and Fintainium join forces –… Read More »

5 Tips for Self-Employed Accountants

Content Register with an approved Supervisory Body Best for Small Sales Teams Create QuickBooks Online customers with sales receipts for new Stripe payments Set up online payments for your self employed business Tax return filing for the self-employed Accountants can pursue new clients through their professional contacts, by pitching their services to prospective clients or… Read More »