As a small business owner, understanding how to set up contra accounts enables you to prepare and maintain accurate financial records. Are you looking for a way to account for accumulated depreciation, returned merchandise, or damaged inventory? You can use contra accounts to record the goods your customers return, inventory that gets damaged, and equipment depreciation. The […]

Content Billing in Arrears for a Subscription Business Arrears billing and payments: What does it mean to be “paid in arrears”? Weekly child support obligations What does in arrears mean? Arrears in payroll vs. being paid in arrears: what is the difference? Lending Options Arrears as a result of overdue payments If you pay in […]

However, what it lacks in usability, it makes up for in resources where you can get help using it. There are tons of free and paid training resources online as well as a robust infrastructure cargo tracking and contactless payment of professionals who can help you get the most out of the platform. One thing […]

Both directors and shareholders can bring legal actions to try and get the non-compliant payment back. Once the shareholders have been engaged, the company’s shareholders are required to approve the directors’ remuneration policy. The model articles for companies incorporated on or after 28 April 2013 (the ‘model articles’) set out requirements relating to company directors’ […]

For more information on finding a tax return preparer who provides IRS e-file, see Authorized IRS e-file Providers for Individuals on IRS.gov, or go to IRS.gov/uac/Authorized-IRS-e-file-Providers-for-Individuals. The inclusion in this database does not constitute any endorsement by the IRS of the e-file Providers listed in this database or any of the products or services that […]

Content What is a Disbursement Fee? Cash Payment or Cash Disbursement Journal FAQs Cash disbursement journal definition What is Cash Disbursement? State Bank Board A cash disbursement is a payment that a business makes with cash or a cash equivalent. Cash disbursement payments show how much money is flowing out of a business. You can […]

Content Accounts Receivable Subsidiary Ledger What is the purpose of control accounts? Alert: highest cash back card we’ve seen now has 0% intro APR until 2024 Control Account Creditors Control Accounts The Struggles of Private Company Accounting Cash Sales and Cash Purchases Firstly, in the subsidiary ledger, you will maintain separate records of each customer […]

We’ll serve as your outsourced CFO, helping you with management reports & key performance indicators. We’ll also produce fantastic financials that your lenders will love. If your Cleveland Tax accountant is not engaged in your business throughout the year, you’re going to overpay in tax, waste resources, and squander opportunities from a lack of support […]

Content Why Every Startup Should Outsource Accounting: Here’s Why Bookkeeping Services Business Info Our Services Payroll Services: It’s important to us at Rakow & Co that we provide personal bookkeeping services. You’ll have your own bookkeeper who knows you and your business and is available to support you. Our expert bookkeeping services free you up […]

Content Why were CPA designations implemented? Online Anti-Money Laundering And Counter-Terrorism Financing Certification AICPA CPExpress: Unlimited online access to 600+ CPE credit hours certified public accountant (CPA) Annual Webcast Pass: Unrestricted access to more than 500 webcasts Is CPA a degree or certification? CalCPA, with 14 chapters located throughout the state, is committed to the […]