Category: Bookkeeping

QuickBooks Online offers 50% off for three months if you buy right away or a 30-day free trial with no credit card required. The document management module also expands the functionality of the Daily Logs feature. For instance, when entering a daily log, you or your team can add files or photos and videos to…

The best construction accounting software have essential bookkeeping features, like A/R and A/P management. They also have specialized construction management tools, such as job costing, project management, and construction billing. They are easy to use and provide users access to various customer support channels, like phone, email, and live chat. NerdWallet’s construction accounting software roundup…

You have to know the area to plan a route, and the same can be said about your nonprofit’s budget. Accurate and timely bookkeeping practices will make the job of those tasked with budgeting much easier to tackle. The more transactions your nonprofit makes, the more often you should reconcile your bank statements. You might…

Guides, templates, and checklists to make finances a little easier. Free up time in your firm all year by contracting monthly bookkeeping tasks to our platform. The following tax tables are supported by iCalculator™ US as part of the suite of free tax tools available in the US Tax HUB we provide for New York.…

Depreciation must be recorded up to the date of disposal and, where appropriate, a gain or loss must be recorded on the disposal. Disposal of plant assets can occur through the retirement of discarded assets, sales, involuntary conversions, or trade-ins. No matter how the disposal is accomplished, the accounting procedures are quite similar. The book…

In addition, check paragraph 4(b) on page 2 of WH-347 to indicate the payment of fringe benefits in cash directly to the workers. This is where you enter the day, date and hours worked during how to report salaried employees on certified payroll the pay period being reported on. In the header of the column,…

Adjustment entries are an essential part of financial statements, particularly in the balance sheet and income statement. These entries are made at the end of an accounting period to ensure that the financial statements accurately reflect the company’s financial position and performance. Prepaid expenses or unearned revenues – Prepaid expenses are goods or services that have…

At the same time, managing accounting data by hand on spreadsheets is an old way of doing business, and prone to a ton of accounting errors. Now that we know the different types of adjusting entries, let’s check out how they are recorded into the accounting books. By definition, depreciation is the allocation of the…

FOUNDATION empowers you to customize countless reports and financial statements, unlocking the key to maximizing profitability. Here are some benefits you get with an accounting platform designed specifically for this industry. The Simmons University 398,000-square-foot project will be the new Living and Learning Center. Small Business Our construction accounts payable software improves efficiency, cash flow…

Reconciling bank statements is an important task ensuring your records match your business account’s actual transactions. Any discrepancies should be identified and corrected promptly to maintain accurate financial records. Regular reconciliation also prevents potential issues with vendors, clients, or even tax authorities, and is an integral part of maintaining proper construction bookkeeping. Construction job costing…