Category: Bookkeeping
What Is Book Value? Plus, How To Calculate It
Book Deal sells rare books through a large network of bookselling companies. One benefit of selling with BookDeal.com is that you will be compensated for each rare book you sell to them. Also, to determine the value of an antique, you should check the book market to see how manyRead More
Cash Basis vs Accrual Basis Accounting
Next, obtain your Employer Identification Number (EIN) from the IRS. This foundation ensures your business is properly separated from your personal finances for accounting purposes. Before you can set up any accounting systems, you’ll need to establish your business legally. Register your business structure (such as an LLC or corporation)Read More
What is Legal E-billing? Compliance, Benefits and Future of Legal E-Billing
Bank accounts, trust accounts and QuickBooks Online are in continuous sync and in-line with state bar standards, so you are well positioned for your weekly or monthly three-way reconciliation. Just when you think you finally have a handle on all the latest tech jargon, a new phrase is introduced toRead More
internal control 1
What Is Internal Control? Internal Audit Michigan Tech It helps make sure everyone is doing things the right way and helps avoid mistakes or breaking laws. In this blog, we’ll explain what an Internal Audit is, how it works, and why it’s important. We’ll cover its types, process, and benefits,Read More
interim financial statements
Interim Statement Overview, Example, Role in Capital Markets The period to be covered in the interim reports is dependent on the discretion of management. An interim reporting is when the business produces a financial overview before completing the financial reporting cycle. These reporting periods are dependent on the discretion ofRead More
What Is Salvage Value in Accounting and How Is It Calculated?
When procuring salvage value quotes, ensure transparency about any fees and confirm whether the service includes free towing. Comparing quotes from multiple car-buying companies can lead to better deals and understanding of your car’s salvage value. AI also enhances depreciation forecasting by dynamically adjusting schedules based on real-time data, reducingRead More
Periodic vs Perpetual Inventory System Double Entries
This journal entry will immediately increase the inventory balance on the balance sheet as a result of recording the purchases to the inventory directly. Petersen and Knapp allegedly participated in channel stuffing, which is the process of recognizing and recording revenue in a current period that actually will be legallyRead More
Depreciation Methods Formulas Examples
On the other hand, with the double declining balance depreciation method, you write off a large depreciation expense in the early years, right after you’ve purchased an asset, and less each year after that. The most basic type of depreciation is the straight line depreciation method. So, if an assetRead More
QuickBooks Online Pricing: Cost Comparison Guide 2025
At the end of the day, the cost of QuickBooks Online depends on your business’s needs, and the cost of QuickBooks doesn’t stop at just $35/month for most businesses. Integrations are third-party add-ons that give you additional features and capabilities. QuickBooks Online has over 750 integrations to choose from, includingRead More
Giving Tuesday: The best charities to donate to in 2023
Charity Navigator believes in the power of volunteering. This is a great first step in becoming part of the philanthropic ecosystem. Using your skills to help a charity’s mission can make a big difference for its mission. You can find local nonprofits that are looking for volunteers here. Donating toRead More