Category Archives: Bookkeeping

Businesses have to report FICA taxes on a quarterly basis using IRS Form 941. This form is for reporting information about your business, like the number of employees you have and the amounts you’ve withheld from their paychecks for income … Continue reading →

Content What legal authority does a homeowners association have? Bank Reconciliation Report Why Is Accounting for Homeowners Association So Important? Board Budget Review Accounts Payable Report What If An HOA Violates Its Own Rules? What Can Homeowners Do? However, many … Continue reading →

Content Accounting Services Tax services The evolving role of Tax Our Investment Accounting Services will help you: What are Client Accounting Services? Schedule a free consultation that will help determine the best accounting service solution to meet your specific needs … Continue reading →

Then, they quickly create an inventory reserve account, adding Rs. 1,000 and subtracting the same amount as an expense. Perishable items can spoil over time, resulting in a decrease in value. This can be done by subtracting the estimated value … Continue reading →

As a result, accounting software can help trucking businesses to run more efficiently and effectively. Under the international fuel tax agreement, trucking businesses are required to make estimated tax payments every quarter. Transportation corporations need specialized accounting services for trucking … Continue reading →

The two stage activity based costing approach is illustrated in Chapter 7 and focuses on eliminating the distortions that tend to occur when the traditional two stage approach is used. The simplest approach involves combining all overhead costs so that … Continue reading →

Extraordinary repairs occur rarely, require large amounts of money, and increase the economic life of the asset. Because major and extraordinary repairs benefit multiple future periods, they are accounted for as additions, improvements, or replacements. In other words, major and … Continue reading →