A journal, also known as Books of Original Entry, keeps records of business transactions in a systematic order. Businesses have moved on from the age of pen and paper for a reason. Using accounting software like Deskera will help you automate the entire journal entry creation process. Cash Flow Statement If you are not yet […]
This, together with other events, led to the American Revolution. Therefore, the birth of the U.S. had partly to do with the controversy over a sales tax! Since then, sales tax has had a rocky history in the U.S. and this is perhaps why there has never been a federal sales tax. Examples of Sales […]
The purpose of the trial balance is to test the equality between total debits and total credits after the posting process. This trial balance is called an unadjusted trial balance (since adjustments are not yet included). Preparing an unadjusted trial balance is the fourth step in the accounting cycle. A trial balance is a list […]
At a minimum, you only need to meet your state’s education requirements. If you’re considering pursuing a master’s degree in Accounting, here is a guide to help inform your decision. Designed for students who need flexibility in their study schedule. This online option allows you to study when and where it’s most convenient for you, […]
As such, this can affect your profit margin, making it even more essential for businesses to optimize operations. Implementing pricing strategies is also effective in improving a company’s gross margin. This involves adjusting the price of products or services to optimize profits without losing customers. Reducing costs or expenses can significantly improve a company’s gross […]
Both will be different depending on what type of business they work for or own. Both debtor and creditor jobs require high levels of integrity and diligence. A loan is a form of debt but, more specifically, an agreement in which one party lends money to another. The lender sets repayment terms, including irs says […]
In the example above, the yarn maker would pay a percentage of the difference between what they charge for yarn and what they pay for wool. Similarly, the garment maker would pay the same percentage on the difference between what they charge for socks and what they pay for yarn. This is a tax on […]
If you want to become a bookkeeper for a nonprofit, try looking at internships that could help you learn more about the processes. You should also hire a financial officer or a treasurer who knows how to do bookkeeping for a nonprofit and is familiar with specialized accounting software. However, there are several actions all […]
By registering, you confirm that you agree to the processing of your personal data by Salesforce as described in the Privacy Statement. Stay up-to-date with change management best practices, and provide training and tutorials so that your team can become confident experts in its use. While there are numerous features that can enhance your organization’s […]
Our tax offerings center around making sure that your business is in compliance. We love to help companies grow by implementing a simple balance — they’re in charge of focusing on their business goals while we take charge of their books. And we can guarantee that you’ll be hard pressed to find what we offer […]