Bookkeeping

When integrated with QuickBooks Online, these two applications can make your entire bookkeeping process much simpler as well. Syncing these two programs reduces the need for manual data entry, will prevent double-entry errors, and will give you greater financial visibility. Raw materials inventory is broken down into a bunch of accounts, including raw materials…

The IRS tax withholding estimator will provide your expected tax withholding and your anticipated tax obligation. That will reveal if you're on track to receive a tax refund—or if you'll likely have a bill when you file your next tax return. The IRS recommends that everyone do a Paycheck Checkup in 2019. Though especially important…

The owner’s equity statement (also known as the statement of retained earnings) is a sum of the owner’s investments and withdrawals, as well as the business’s income and expenses. In double-entry bookkeeping, every transaction affects two accounts, meaning two entries are made. When a business keeps correct recordings of their transactions, the accounting equation always…