Tag: online
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Common Errors in Tax Preparation
Mistakes can happen when you’re preparing your taxes, even with all the technological automation on hand. A good way to avoid the oversight is to keep a list of common errors that can happen when making your report. •Assuming the wrong due date•Confusion over the most advantageous filing status•Not claiming the Earned Income Tax Credit•Failing […]
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Fundamental Accounting Principles
Generally accepted accounting principles (GAAP), are common standards and procedures issued by the Financial Accounting Standards Board (FASB). It encompass the details, complexities, and legalities of business and corporate accounting. Although there are plenty of guidelines that make up GAAP, these 10 basic principles are the most commonly practiced by any business accountant. Basic Accounting Principles 1. […]
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Accounting Terms: Profit VS Profitability
Are they the same? What is the difference between Profitability and Profit? Two accounting terms that every business owner encounters. Although they may look similar, they are not entirely the same. Both are accounting metrics used in analyzing the financial success of a business. Accounting Terms Definition Don’t confuse the two accounting terms. Profit is […]
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Accounting Tips and Tricks
Every transaction you do needs to be recorded; from doing payroll to receiving company investments. This is absolutely crucial a because this keeps your finances organized which in turn helps you avoid mountains of paperwork once tax season comes. Doing your own accounting may start off smoothly, however that may not always be the case […]
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Sales Tax for Small Business
As your business grows in the e-commerce market, know that QuickBooks Sales Tax is here to help you remain tax compliant. When you are responsible for filing, remember the 4-STEPS to help make sales tax filing a success: know where, when, how to file, and pay and do not pay more than you have to […]
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Accounting Reports for Your Small Business
Business owners rely on financial reports to monitor the company’s status and use it as a guide to make important operational decisions. As a small business owner, you should start asking which reports are most important and how often they should be created and compiled. See which reports are critical for when starting up your […]
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QuickBooks Pro vs. Enterprise
Get the right accounting program for your financial needs. QuickBooks is a reliable software that has helped many small and medium-sized business owners with their day to day transactions. Find out which QuickBooks product works just right for you. QuickBooks Pro vs. Enterprise: The Ultimate Comparison Guide As you look for the right accounting software for your […]