Category: Bookkeeping

Note that certain states may have different methods https://www.facebook.com/BooksTimeInc of calculating overtime for piece-rate workers. Certain types of other compensation, such as the following, must be included in overtime calculations. “Is Extra Pay Required For Weekend Or Night Work?”Additional information about overtime pay. Fact Sheet on the Overtime Pay Requirements of the Fair Labor Standards […]

Titled the LIFT the Middle Class Act, or Livable Incomes for Families Today, the measure would have cost at the time an estimated $3 trillion over 10 years. If you have a Wells Fargo checking account, you can use your debit card to access funds in your savings account. When used together with other financial […]

A bookkeeper reconciles bank statements regularly to ensure your bank account balance matches the cash balance in your ledger. If the amounts in the bank statement and internal records don’t match, you’ll need to find out where the discrepancies are and adjust the entries to ensure they match the bank statements correctly. The success of […]

In this guide, we’ll break down QuickBooks Online pricing, including plans, key features, and alternative platform costs so you can decide which option is best for you. QuickBooks cloud accounting software gives you access to your business finances from your smartphone with the QuickBooks mobile app. The Plus Plan is $45 per when does a […]

Intellectual property (IP) rights are also an important legal aspect of outsourcing. It is essential to have a clear what are assurance services that cpa firms provide contract that defines the ownership and protection of IP rights. Businesses need to ensure that their outsourcing partner respects their IP rights and does not use or disclose […]

Intellectual property (IP) rights are also an important legal aspect of outsourcing. It is essential to have a clear what are assurance services that cpa firms provide contract that defines the ownership and protection of IP rights. Businesses need to ensure that their outsourcing partner respects their IP rights and does not use or disclose […]

You’ll need the bank and other financial statements before you can begin. Donor database collects information like giving history and lets you create groups. Aplos is the only all-in-one software on this list that offers a free trial period, so consider taking advantage of that. More than 750 app integrations, including live, in-house bookkeeping. This […]

An exception to this rule is when an asset is disposed before its final year of its useful life, i.e. in one of its middle years. In that case, we will charge depreciation only for the time the asset was still in use (partial year). Like in the first year calculation, we will use a […]

Let us understand the balance sheet reconciliation policy in depth with the help of a couple of examples. Reconciliation serves an important purpose for businesses and individuals in preventing accounting errors hotel accounting and reducing the possibility of fraud. Businesses are generally advised to reconcile their accounts at least monthly, but they can do so […]

If you are investing your money, ratherthan saving it in fixed rate accounts, the reality is that returns on investments will vary year on year due to fluctuations in interest rates, market conditions, inflation, and other economic factors. We’ve discussed what compound interest is and how it is calculated. So, let’s now break down interest […]