Category: Bookkeeping

A private foundation is typically held by an individual, a family, or a corporation and it obtains most of its income from a small group of donors. Private foundations are subject to stricter rules and regulations than public charities. It...

Increased purchasing or reduction of accounts payable will increase this ratio. It indicates the number of times current assets of a company can cover https://www.business-accounting.net/a-beginner-s-guide-to-s-corporation-taxes/ the short-term liabilities in case of an emergency. This shows a company’s solvency and therefore...

As far as the quality of customer support, QuickBooks Online users are split. Some users state that they received the help they needed quickly and without any issues. Many users, however, have voiced complaints of not receiving the answers they...

T-accounts can also be used to track changes to the income statement, which allows for creating accounts for a company’s revenues (profits) and expenses (losses). Whenever the terms debit and credit are heard, most people think of debit cards and...

Outsourcing can lead to reduced control over the AP processes, which might concern some businesses, especially regarding sensitive financial data. As a result, accounts payable outsourcing emerges as a powerful tool for companies looking to enhance their financial operations while...

As you continue your accounting studies and you consider the different major types of business entities available (sole proprietorships, partnerships, and corporations), there is another important concept for you to remember. This concept is that no matter which of the...

Our accounting reports are easy to use and show monthly or yearly comparisons, so you can easily identify cash flow trends. With a Wave Pro subscription, you’ll have recurring billing and other automation features. Schedule everything, from invoice creation and...

Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever. Want to look more polished, save more time, and conquer cash flow? After creating your account,...

You don’t want your partner to find out about your extracurricular activities, so you have to be careful about who you talk to and where you go. However, MM can also stand for “merry meet,” which is a way of...