Small Business Accounting 101

Content Cloud Accounting Software is the Future, the Future is Now What Is the Best Accounting App for Small Businesses? AccountEdge Pro You are unable to access business2community com Find a plan thats right for you Bookkeeper com: Best for full service add When making the decision on which software to try, price is unlikely […]

Can I deduct the cost of TurboTax?

Content Turbo Tax for LLC: Everything You Need to Know TurboTax Self-Employed Review: A Leader for Good Reason TurboTax Free Edition Best Tax Software for 2022 H&R Block Free Online All programs include live technical support if you run into a problem, along with a screen share feature that allows you to show where you’re […]

Understanding Income Statements

Content Income Statement Analysis Balance Sheet Vs Income Statement: The Key Differences Accountingtools Beginners’ Guide To Financial Statement Income Statement P&l Statement What Are The Types Of Income Statements? Stay Up To Date On The Latest Accounting Tips And Training Determine Your Operating Expenses Gross MarginGross Profit Margin is the ratio that calculates the profitability […]

Form W-2 Box 12 Codes

Content Reporting Contact the IRS Can the Balance in a TSP Account Be Rolled Over Into a Roth IRA? What Are the Options for Dependent Care Benefits? Form W-2 Box 12 codes and explanations The Income Tax Course consists of 62 hours of instruction at the federal level, 68 hours of instruction in Maryland, 80 […]

NetSuite Applications Suite Income Statement Detail Report

Content What is a single-step income statement? Items and disclosures Revenue (income) Investors What are the 3 sections of an income statement? Use this example income statement template as a guide to help you create an in-depth financial statement. An income statement, also known as a profit and loss statement, shows revenue and expense over […]

How to find and calculate retained earnings The Neat Company

Content How to Calculate Corporation Growth How to Calculate Retained Earnings? (Formula & Retained Earnings Statement) Resources for Your Growing Business What are the three components of retained earnings? How to calculate the effect of a cash dividend on retained earnings Use retained earnings to gauge your business’s financial health Example of retained earnings calculation […]

2 5 Shipping Terms Financial and Managerial Accounting

Content What does freight in mean in Accounting? AccountingTools Entering separate freight-in charges If everything about these costs is conventional, what is the cause of the confusion in accounting for freight costs anyway?? Delivery expenses pertain to costs incurred by the business in getting its products to the hands of the customers . If the […]

Statement of Retained Earnings Reveals Distribution of Earnings

Content Financial Statements Calculating Preferred Dividends Forms of payment Cash Dividend Payments Financial Statements: Dividends As a Percentage of Sales What Causes Changes in Stockholder Equity? Your textbook has a good example of how this is shown in a Statement of Retained Earnings. DateAccountDebitCreditDec-31Retained Earnings$10,000Dividends Payable$10,000Different textbooks will show these two methods. The company’s accounting […]

How to Reconcile Petty Cash? Best Practices & Steps

Content What Are the Causes for Bank Reconciliations & a General Ledger Not Balancing? Reasons for Auditing Cash Importance of Cash Forecasting Reconcile Credit Card: Process, Automation & Best Practices What is Billing Reconciliation? Invoice Reconciliation Tips Now, their time can be utilized doing other important financial activities and will typically only step in if […]