Business owners looking for an accounting software platform would be wise to select a cloud-based system. Software that uses remote servers to host data help ensure that sensitive financial information is securely encrypted to keep it out of the hands of cybercriminals and backed up to the cloud automatically to…
Contra Account Definition, Types, and Example
In other words, contra revenue is a deduction from gross revenue, which results in net revenue. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. For the past 52 years, Harold Averkamp (CPA, MBA) has…
Bookkeeping for Small Businesses and Individuals in NY, NJ, CT and Virtual Offices Executive Bookkeeping Services, LLC
He started and ran Fast Friendly Spotless, a maid service in Orange County, CA. With the help of customized software to automate work he successfully operated the service in under 30 minutes per day. He created ZenMaid scheduling software to help other maid service owners do the same. Proper compensation…
Bookkeeping Pricing Packages & Plans Bench Accounting
While these exact figures can change over time, the cost comparisons of covering your bookkeeping and accounting needs can vary greatly depending on the type of individual you hire. If you’re unsure if cash basis bookkeeping will work for your business, talk to us. We’d be happy to understand the…
Las Vegas, NV Accounting & Bookkeeping Services
We’ll learn all we can about your business so we can provide a personal, customized approach to the challenges your small business faces. Our virtual services are set up to be as convenient as possible for you. Meaningful, well-organized financial records ensure that your business operations will run more efficiently…
What is a Contra Account?
The most common contra account is the accumulated depreciation account, which offsets the fixed asset account. Taken together, the asset account and contra asset account reveal the net amount of fixed assets still remaining. A contra asset account is not classified as an asset, since it does not represent long-term…
How do I apply for an ITIN? Internal Revenue Service
They review the applicant’s documentation and forward the completed Form W-7 to IRS for processing. An Employer Identification Number (EIN) is also known as a federal tax identification number, and is used to identify a business entity. It is also used by estates and trusts which have income which is…
How do I get an Individual Taxpayer Identification Number ITIN?
For more information see Allowable Tax Benefits in the Instructions for Form W-7PDF. Alien taxpayers who need an Individual Taxpayer Identification Number (ITIN) may be able to secure one from outside the United States. Details https://www.personal-accounting.org/ can be found on the « Obtaining an ITIN from Abroad » page. Once you receive…
A beginners guide to small business bookkeeping
Develop a storage system and naming protocol for invoices, receipts, and records. When you’ve finished your checklist, you should be up to date with your current records. A simple bit of work every week will ensure you have accounting services for startups clean books all year. Best of all, it…
The complete guide to finance and accounting outsourcing services
You won’t have to spend time and money finding and hiring the right employees – just hire an outsourced team and get started immediately. The team you hire is already experienced and trained, and their ongoing training is not your concern, which further reduces your expenses. The outsourced team already…