Bookkeeping

Cash accounting is a method of accounting that measures the transfer of cash. If the software program does not feature robust security, anyone with a bit of technical knowledge and access to brute force tools can hack into the system. One of the biggest qualified transportation fringe benefit and loss of deduction under tax reform benefits […]

I only had to click the “send” button at the top of the page and specify an email recipient to share the report. On the “projects” page, I clicked on “create new” and was given the option to create a flat-rate or hourly project. After clicking the “hourly project” option, I was taken to a

Once pressed, a drop-down menu offers common action items, such as adding an invoice or a bill. Simply click on the option to be taken to a page that walks you through the process to complete the task. FreshBooks is a good choice for small business owners who want easy-to-use accounting software. Although popular, my

Invite your accountant or bookkeeper to work with you in Xero and you’ll be across the same up-to-date figures. You can reset the data you input via Demo Company at any time, but keep in mind that this data will automatically clear every 28 days. Initially, when you’ve input some data, look at your Balance

If you’re interested in setting up Xero at your business, reach out to the Xero Accountants at Fullstack for comprehensive guidance today. The first step to learning how Xero works is to watch the ‘Xero Dashboard’ video, which can be found in the top left corner of your Xero dashboard. Here are 13 steps to

Our next tutorial is “How to Manage Customers and Send Invoices,” which will cover how to adjust settings for your customers and preferences for sending invoices. When you import a chart of accounts into Xero, it replaces the existing categories exactly as per the import file. It doesn’t allow you to add to Xero’s default

The good news is that with some guidance it doesn’t have to be difficult. When you make a payment on a loan, a portion goes towards the balance of the loan while the rest pays the interest expense. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money

This crucial part of financial forecasting allows you to predict how your company will do next year, as it’s easy to look at sales figures, like total sales, and think your company is making X amount. In reality, you could have numerous delinquent accounts and long-term debt impacting your actual cash flow. The aging of

It’s good to understand both of these uses of arrears in accounting, so that you know how to apply them to your own business situation. Child support also includes child care and medical care not covered by insurance. If neither of the parents have health insurance, the court will order the custodial parent to apply

BDO professionals have deep experience working with high-growth companies and private equity firms and can help navigate how to go public through the traditional IPO, SPAC or other exit process. From preparing accounting policies and disclosures to outsourced accounting support, we provide comprehensive accounting assistance. We operate as trusted advisors, helping you manage complex regulatory