Bookkeeping

Contact the references provided by candidates to gain insights into their work ethic, reliability, and overall performance. This step provides valuable information beyond what is presented in resumes and interviews. Discussing the bookkeeper’s approach to handling sensitive financial information and the measures they have in place to ensure data security is essential for building trust. Understand...

Ceviches by Divino is a Peruvian-style gastropub franchise that offers a unique culinary experience with authentic flavors. The initial investment ranges from $129,400 to $261,400, including a $29,900 franchise fee. Craft Beer Cellar offers legitimacy theory of accounting franchise opportunities in the booming craft beer industry with an estimated investment of $50k-$150k. Course DescriptionThe co...

Trade creditors, bankers and other lending institutions would like to be satisfied that they will be paid on time. Banks and other lending agencies rely heavily upon accounting statements for determining the acceptability of a loan application. Basically, the function of accounting is to keep an accurate track of money coming into and going out of a business. However, there is much more to an acco...

But you need to clear the necessary entrance exams such as CAT, MCAT, GMAT, etc to get admission to your desired college. Certain colleges may also have their own entrance exams that you will need to give. Even an undergraduate (Final Year of Graduation) is eligible to give the FRM Part 1 exam. If you are wondering how to become a CFA after graduation, then look no further! If you are interested i...

You can do a full-time accounting internship during the summer as the workload is relatively low during that period. That said, most of the accounting internship programs begin during the busier season, i.e., fall or spring. I am eager to learn and know that I will gain unmatched knowledge about business tax returns, bank reconciliations, and how accounting software operates. These Big Four are De...

A continuous budget (or rolling budget) is a strategy where you can change/update your budget throughout the year. When one month ends, you simply add another month right where the budget left off. Say your budget covers one year – January through December of 2023. Once January 2023 has ended, you can immediately add January 2024 to your continuous budget. The final step in creating a rolling budg...

If you were notified that your household employee received payments from a state disability plan, see State Disability Payments, later. You may have to pay a penalty if you don’t give Forms W-2 to your employees or file Copy A of the forms with the SSA by the due dates. You may also have to pay a penalty if you don’t show your employee’s SSN on Form W-2 or don’t provide cor...

Furthermore, if an employer pays wages totaling less than $1,500 per quarter for all quarters of the previous two tax years, then they may also not be required to pay FUTA. A state that hasn’t repaid money it borrowed from the federal government to pay unemployment benefits is called a credit reduction state. If an employer pays wages that are subject to the unemployment tax laws of a credit...

Unfortunately, creating a rolling budget is initially more costly than a static budget, as you need to hire experienced staff to analyze the market fluctuations. That said, the budgeting option will be more effective and financially savvy in the long run. Flexible budgets are created to adjust the allowable cost levels to meet the activity level. The budget creation follows cost analysis of the fi...

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. For example, a 2/10 net 30 discount – where you would get a 2% discount to pay in ten days vs. the standard 30-day term – translates to a 36% annual return on that cash. Organizations with income statements that show healthy margins, sizeable cash balances, and little debt can find these ...

Some firms have this depth, yet very few offer a consultative approach beyond the nuts and bolts of accounting and business tax return preparation. In other words, a tax return is simply the result of year’s worth of discussions and planning sessions. bookkeeping colorado springs Accountants are financial professionals who have received an accounting degree from a four-year university or college. ...

Companies that buy inventory from a supplier are often allowed to pay the debt at a later date. In this case, the business is purchasing something on credit from the merchant, who essentially becomes a lender. If you are looking at both systems in a real-life scenario, consider a business that pays salaried employees on the first day of the following month. You settle the payment at the end of the...