admlnlxRippling automatically generates files with tax authorities, and distributes to employees digital W-2 forms, as well as 1099s for contractors, at the end of the year. Additionally, you can select…
admlnlxThis means that if you receive both compensatory and punitive damages in a settlement, the compensatory portion may be tax-free, but you will owe taxes on the full amount of…
admlnlxA loan received is a liability on a company’s balance sheet, usually payable in one year. To create the sales journal entry, debit your Accounts Receivable account for $240 and…
admlnlxThis way, VAC can provide a more relevant and useful cost allocation for the products. In this section, we will explore some alternative cost allocation bases that can be used…
admlnlxBasically, when the project requirements change and unit prices may change, all the changes should be included in the debit invoice. With these construction businesses in your mind, you can…
admlnlxAs your business grows, the complexity of your financial management needs will increase. While initially, you might manage bookkeeping on your own, there comes a point where professional help becomes…
admlnlxThe company must follow specific guidance on what transactions to record. Then, using this cost information, a company may decide to switch to a lower quality, less expensive type of…
admlnlxAnother easy to use option that’s perfect for self-employed entrepreneurs who need an affordable accounting solution is Neat. Freshbook is one of the easiest accounting software systems to use. There…
