Bookkeeping

Leadership can review and make decisions based on such data faster than ever before. Switching between multiple social media platforms, updating project management tools and chasing approvals over email takes up valuable time. Sprout’s Social Media Productivity report highlights how many hours soc...

Tax software guides people through each section of their tax return using a question-and-answer format. This includes any information needed to calculate credits and deductions. Using tax software should help prevent math errors, but taxpayers should always review their tax return for accuracy. Fede...

The company debits the payroll tax accounts for the amounts withheld and remits these funds to the government. At the end of the year, the company issues W-2 and 1099 tax forms to employees. These forms show their total pay and the amounts withheld for taxes. What is Included in Journal Entry? Recor...

Despite its importance, managing a general ledger comes with its challenges, including human errors, complex transactions, and the potential for fraud. However, with the right expertise, vigilance, and technological support, organizations can overcome these challenges and ensure the integrity of the...

Estimated tax payments should be made as income is earned, and the IRS collects them quarterly. These dates don’t coincide with regular calendar quarters, though. However, if your income is received unevenly during the year, you may be able to avoid or lower the penalty by annualizing your income ...

The investor will then participate in the company’s profits (or losses) and will expect to receive a return on their investment for as long as they hold the stock. Gearing ratios are financial ratios that indicate how a company is using its leverage. For example, manufacturing companies tend t...

We will discuss in details in other accounting tutorial concepts how to post journal entries in to ledger accounts. Account is a T-Form, generally it looks like letter word “T”, and it can be called as T-account. T account is an appropriate form to analyze the accounts and it shows sides of acco...