Bookkeeping

Easily create and send invoices and automate invoice reminders for a quicker, hassle free payment. Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. Use Xero …

Change in working capital is the change in the net working capital of the company from one accounting period to the next. This will happen when either current assets or current liabilities increase or decrease in value. The change in working capital formula is straightforward once you know your balance sheet. Net working capital is most helpful when it’s used …

All other income is paid to shareholders in the form of “distributions” that are not subject to self-employment tax, which makes S corporation status very attractive to many small businesses. Schedule K brings together information about your business’ income, deductions, and any tax credits your business qualifies for. You’ll use the information you bring together on this schedule to file …

I now have as you did in the video a balance of zero when I go to reconcile. Suppose the founder starts a new business with an opening share capital of 100. The owner of the business has injected capital amounting to 6,000 when the business started and the retained earning to date are calculated as follows. – Close the …

QuickBooks Pro is locally-installed software with highly developed features like contact and lead management, expense tracking, project management, accounts payable, invoicing, and more. QuickBooks Solopreneur’s features are designed specifically for freelancers to address needs such as estimating quarterly taxes, filing Schedule Cs, and tracking deductions. You can easily separate personal and business expenses, which is ideal for freelancers who don’t …