Category: Bookkeeping

Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP. These integrations make it easy to track your bookkeeping and accounting data in one place. It also offers full-service bookkeeping, meaning that its team will do the bookkeeping for you. If you only need periodic help, pay as…

Employers with hourly wage earners need to know how to calculate overtime to ensure that they are paying employees the right amount and complying with the FLSA. The rate is one and a half times the normal pay rate the employee earns. Employees can be scheduled to work up to 40 hours per week as…

QuickBooks Desktop, on the other hand, is locally installed with a license pricing model. QuickBooks Advanced is best for enterprise businesses with support for extra users and new features which help businesses operate more efficiently at scale. Reporting tools are available on the Simple Start plan but they are a bit limited. QuickBooks Solopreneur pricing…

Some businesses will appreciate this guarantee that the service stands behind its work. Small businesses often schedule video appointments once or twice per month to discuss questions and to review results. You’re limited to one scheduled appointment at a time and appointments have to work within your bookkeeper’s schedule. Communications that are available any time…

On Feb 5, journal entry to record the sales return and the buyer’s account adjustment. You would also credit sales discounts for the discount amount. To create the sales journal entry, debit your Accounts Receivable account for $240 and credit your Revenue account for $240. The purpose of an accounting journal is record business transactions…

If you’re even a little curious about accounting and finance, you gotta know your way around one. We’re diving into the nitty-gritty of current assets, non-current assets, current liabilities, and long-term liabilities. If the company has inventory, the opening balance equity account should be adjusted to reflect the correct inventory value. This can be done…

If the cumulative cash flow drops to a negative value some time after it has reached a positive value, thereby changing the payback period, this formula can’t be applied. This formula ignores values that arise after the payback period has been reached. Whilst the time value of money can be rectified by applying a weighted…

All you need to provide is the expected future value (FV), the discount rate / return rate per period and the number of periods over which the value will accumulate (N). Once these are filled, press “Calculate” to see the present value and the total interest accumulated over the period. If offered a choice between…

Make sure your team spends allocated time regularly with your bookkeeper the time spent on each project. With the complex steps involved in each phase of interior design, it makes sense if your bookkeeper is one with an eye for interior design bookkeeping details. Houzz Pro offers two options for online payments – ACH Bank Transfer and Credit Card payments.…

Premium Subscription Plans provide access to additional features not otherwise available under the Basic Plan and are available on a monthly basis or in a Premium Package. To provide location-based features with our Services, we may collect, use, and share landscaping bookkeeping precise location data, including the real-time geographic location of your mobile device. Where…