Bookkeeping

It reconciles the beginning balance of net income or loss for the period, subtracts dividends paid to shareholders and provides the ending balance of retained earnings. Retained earnings indicate a company’s accumulated profits over time and its dividend policy. They provide insight into a company’s financial health, growth strategy, and ability to self-fund operations and […]

Upgrade QuickBooks Pro or Premier to Desktop Enterprise QuickBooks offers a customizable experience in order to evolve as your business demands grow or shift. It includes QuickBooks Time Elite, which tracks employee time, billable hours, employee sick time and vacation time accruals. Simplify e-commerce management and take control of pricing, cash, and inventory—right inside Desktop […]

QB 2021 Premier Desktop version All QuickBooks Desktop Enterprise plans can support up to forty simultaneous users, giving a lot of users access to a lot of system data. Used in conjunction with the QuickBooks Desktop Mobile App, you can snap a photo of a receipt and upload it directly into the application, where it […]

Martin loves entrepreneurship and has helped dozens of entrepreneurs by validating the business idea, finding scalable customer acquisition channels, and building a data-driven organization. During his time working in investment banking, tech startups, and industry-leading companies he gained extensive knowledge in using different software tools to optimize business processes. With FIFO, bookkeeping is easier with […]

Effective HR management ensures the right talent is hired and retained, boosting overall employee productivity. Integrating automating solutions helps streamline workflows, enabling businesses to operate more efficiently and focus on strategic activities. If your operations, finance, or HR are not in place, your growth can fall apart very quickly. No matter how strong your front […]

List every open ledger account on your chart of accounts by account number. The account number should be the four-digit number assigned to the account when you set up the chart of accounts. When a business pays $500 for office supplies in cash, the transaction is first entered into the cash book. It details the […]

AP staff first record new invoices in the general ledger as a credit and then as a debit to the expense account. This follows the matching principle of double-entry bookkeeping and accrual accounting, where professionals record revenues and expenses in the same period before paying the invoice. “Accounts Payable” refers to money a company owes […]

The right accounting software can significantly improve your record-keeping practices and make them more dependable. As such, you should look for tools that suit the specific needs of your business. Consistent tracking is what will help you generate precise financial statements and simplify your often tedious tax preparations. This habit will also allow you to […]

Every vehicle that belongs to you as a motor carrier is required to apply for or renew an annual IFTA license. After your application is approved, you’ll receive two decals to validate your IFTA license that are to be placed on your vehicle’s door. The IFTA is a pact between the contiguous U.S. and 10 […]

You’ll also get a dedicated bookkeeper and access to live support. Remote Books Online online bookkeeping has been a great source of bookkeeping support for our business. From early on in 2017 when we started our relationship, they have been very client focused, supportive, professional, timely and detailed. Utilize collaborative tools for real-time updates on […]