Categoria: Bookkeeping

It’s up to you to determine whether your business can afford an in-house bookkeeper. Their standard pay, according to Salary.com, ranges from $39,568 and $50,577 per year—before taking into account payroll taxes and employee benefits. That can be a lot if you simply need someone to perform bank reconciliations and forecasting. Full-time, in-house bookkeepers are …

Read more “Outsourced Bookkeeping: Benefits, Costs, FAQs & Why You Need It”

The carrying value of an asset is the book value of the asset less any impairment losses. For example, if an asset’s useful life ends on the last day of the ninth month, the time factor 9/12 will be used. Likewise, if an asset is sold on the last day of the eleventh month of …

Read more “Straight Line Depreciation: Definition, Formula, Examples & Journal Entries”

As with any legal document, be sure to be fully aware of the language used within the Notice of Assignment. Take action immediately if you realize that any of your customers are not sending their payments on time. This transparency solidifies your factoring relationship, builds trust with your factor, and protects your interests. However, you …

Read more “Smooth Contract Transition: Key Considerations in Assignment and Novation”

The professional receipt template is a free-formatted template used for hotel businesses for invoicing room rent, bed, and breakfast. This sample shows how to customize the default sales invoice template into complete invoicing software. Mention the hotel details on the top of the template followed by the guest’s details and the total cost charged for …

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Fixed assets are purchases your company makes that add value to the business and that help your company make money. These are purchases that will benefit the business for more than a year. If the fixed installment method of depreciation is used, a cost of $350 is to be allocated as an expense at the …

Read more “How To Record a Depreciation Journal Entry in 4 Easy Steps”

Nevertheless, Mrs. Cameron’s photographs, and the paintings of the Impressionists who had renounced objectivity and realistic representation, lent force to Emerson’s arguments. But it was not until the public had become accustomed to the in- distinct contours of the Impressionists that the idea of soft-focus gained ground-and then it soon got out of control. To …

Read more “20 Famous Nature Photographers You Should Know About”

She shares her deep understanding of QuickBooks principles, financial reporting, and more. 24/7 support resources are available for Premium levels Retail Accounting that include scheduled callback and digital self-help resources. Support hours exclude occasional downtime due to system and server maintenance, company events, observed U.S. holidays and events beyond our control. A QuickBooks ProAdvisor is …

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To refine your grant writing abilities and boost your success rate, consider our grant writing services. The journey to securing grant funding is built on innovation, teamwork, and an unwavering dedication to aiding those in need. Grants for churches represent a transformative opportunity to diversify funding streams, bolster community outreach, and enhance the overall impact …

Read more “Creating a Budget A Practical Guide for Churches and Charities”

Security is a paramount concern when managing petty cash, and digital solutions offer robust features to safeguard funds. Multi-level approval workflows can be petty cash set up to ensure that all expenses are reviewed and authorized by the appropriate personnel before funds are disbursed. Additionally, digital platforms often include encryption and secure login protocols to …

Read more “Petty Cash Management in Accounting: Best Practices”