Bookkeeping

While Quicken is not available outside the U.S and Canada, QuickBooks has been discontinued for the Indian users https://www.instagram.com/bookstime_inc since April 30, 2023. QuickBooks allows you to keep track of financial functions like income and expenses, employee expenses and inventory…

LLP's are meant for professional service providers such as accountants, architects, and law firms where two or more professionals build a joint practice in their field. When you register as an LLP, ACRA might require additional vetting from other agencies…

Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable Payments.Accept credit cards, bank payments, and Apple Pay for as little as 1%2 per transaction. You can mark invoices paid on…

Many businesses prefer to simply outsource the accounts receivable collection process. AR management services are specialized services aimed at optimizing the process of collecting these outstanding invoices. This entails more than just chasing down late payments and keeping track anfisa…

Below are the T accounts with the journal entries already posted. LiveCube Task Automation is designed to automate repetitive tasks, improve efficiency, and facilitate real-time collaboration across teams. By leveraging advanced workflow management, the no-code platform, LiveCube ensures that all…

The need and importance of a bank reconciliation statement are due to several factors. First, bank reconciliation statements provide a mechanism of internal control over cash. Similarly, some checks credited to the ledger account will probably not have been processed…

This information will also appear on your Employers Quarterly Payroll Tax Return form. Running a restaurant involves many expenses which may quickly deplete your business bank account funds. Therefore, it’s important to have a separate account with adequate funds at…

So, it may behoove you to use LIFO if you’re dealing with inflation. When you sell the newer, more expensive items first, the financial impact is different, which you can see in our calculations of FIFO & LIFO later in…

The department also requires you to devote a good portion of your time collecting customer debts. Therefore, you might not get adequate time to attend to other critical business tasks. Whether your team is big, small, in-person, or remote, Gusto…