As an outsourced bookkeeper, the company offers its services remotely or on-site based on the customer’s schedule. The firm has certified QuickBooks ProAdvisors providing installation, setup, training, and support for clients and their accounting staff. Whether you’re a small business owner looking for day-to-day bookkeeping support or an entrepreneur in need of strategic bookkeeping services […]
Category Archives: Bookkeeping
The total accumulated depreciation refers to the asset’s depreciable amount once all the depreciation expenses have been put down on the books. An asset’s carrying value while undergoing depreciation is already its historical cost minus its current accumulated depreciation. It represents the amount that the asset is expected to be worth when it is no […]
Employers must use their EIN when reporting wages paid to employees on IRS forms such as Form 941, Employer’s Quarterly Federal Tax Return, and Form W-2 Wage and Tax Statement. Under certain circumstances, such as a change in business ownership or restructuring, a new FEIN may be necessary. Understanding the FEIN definition isn’t just a matter […]
What is a cost-plus contract and how is it used in the construction industry? You get a free demo and training support, whether face-to-face or online. Foundation Software is a fantastic tool for those in the construction sector. It has a strong reputation as a reliable brand within the construction industry. The online pricing comes […]
Even if you’re not tech-savvy, QuickBooks Online’s user-friendly interface makes it easy to navigate and understand. Its intuitive design guides you through tasks effortlessly, allowing you to focus on your bookkeeping work rather than grappling with complex software. You can also receive QuickBooks certification, which can give you a competitive edge since QuickBooks is one […]
Account balances are also shown on billing statements for credit cards, utilities, and loans. In the company’s balance sheet, ABC Co. reports various account balances. As per accounting standards, ABC Co. categorizes those balances under three headings. Related AccountingTools Courses Your account total balance is the previous day’s ending balance, given all fully processed transactions. […]
You have the freedom to choose how you operate, which projects you take on, and how you deliver your services. This level of independence allows you to shape your career and work on your own terms, giving you a sense of empowerment and ownership over your work. As a freelance accountant, your clients will be […]
For over 50 years, Fordham & Co LLP has been providing accounting and other services to both businesses and individuals in Washington County and the Greater Portland area. Our firm understands the nuances of the ever-changing world of accounting and is here to assist in a wide variety of issues faced every day. We value […]
CSV is also a good choice when you need to perform data analysis or reporting, as it is easy to work with and can be easily imported into a variety of applications. CSV files are often used for data analysis, reporting, and data exchange between different systems or applications. They are also commonly used for […]
If no accounts receivable ledger is maintained, then all transactions will be recorded on the general ledger. Again, it’s important that the total balance of the subsidiary ledger correlates to the accounts receivable balance in the general ledger. Though keeping an accounts receivable subsidiary ledger in addition to a general ledger requires more work and […]