Outsource Bookkeeping: 6 Benefits, Types & Process

Having somebody outside of your company who is managing bookkeeping and financial records can take a huge chunk of time off your plate. They can deal with legal compliance, employee wages, paying suppliers, managing expenses, and everything else, so you can focus on other aspects of running a company. External accounting companies will have the […]

Outsource Bookkeeping: 6 Benefits, Types & Process

Having somebody outside of your company who is managing bookkeeping and financial records can take a huge chunk of time off your plate. They can deal with legal compliance, employee wages, paying suppliers, managing expenses, and everything else, so you can focus on other aspects of running a company. External accounting companies will have the […]

LLC Limited Liability Company Start an LLC

They also lack the flexibility to choose between operating as a pass-through business entity or as a corporation. A sole proprietorship may be a good starting point for an individual, but they might later consider creating a single-member LLC. Many entrepreneurs and aspiring business owners choose to form a limited liability company because it is […]

Best Accounting Software for Small Businesses for June 2024

Holton explained that CDK software running on devices has administrative privileges used to deploy updates, which could explain why CDK recommends disconnecting from the data centers. “We are currently experiencing a cyber incident. Out of caution and concern for our customers, we have shut down a majority of our systems,” reads an email shared with […]

Best Accounting Software for Small Businesses for June 2024

Holton explained that CDK software running on devices has administrative privileges used to deploy updates, which could explain why CDK recommends disconnecting from the data centers. “We are currently experiencing a cyber incident. Out of caution and concern for our customers, we have shut down a majority of our systems,” reads an email shared with […]

Is Land a Debit or Credit?

When companies buy land and pay for it in cash, the journal entry to record the transaction will involve two accounts; the land account and the cash account. The land account will be debited while the cash account will be credited it involves a debit to the land account and a credit to cash. Expenses, […]

Accounting Equation What Is It, Formula, Examples

The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone of the entire accounting science. In the accounting equation, every transaction will have a debit and credit entry, and the total debits (left side) will equal the total credits (right side). In other words, […]

Quickbooks Online Vs Desktop

If you make the switch from Desktop to Online, you can import your data and access your original company file at any time. When signing up for QuickBooks Online, it only gives options for paying monthly. However, once you’ve signed up, navigate to your account settings, and you can switch to annual billing to save […]

How to Write an Invoice for Construction Work with Free Template

Cash flow forecasting can show customer payments, and accounting integrations reduce the time once spent on manually calculating invoices. Use this detailed electrical invoice template to keep track of your construction or maintenance-related electrical invoicing. Using the template, electricians can easily note precise billing details for all work completed by tracking and invoicing for their […]

Pricing and subscription levels for QuickBooks Online

QuickBooks Pro offers 244 integrations to choose from, QuickBooks Premier has 241 integrations, and QuickBooks Enterprise offers 247 integrations. All QuickBooks Desktop Plus and QuickBooks Desktop Payroll products, excluding QuickBooks Desktop Enterprise, will no longer be available to new users beginning July 31, 2024. Existing QuickBooks Desktop Pro, Premier, Mac, or Enhanced Payroll users will […]