Bookkeeping
Check Date vs Issue Date
My CFO bristles at the fact they take the discount based on the check written date, and not planning on the check arriving in my mailbox before the discount date. I generally don’t want to nitpick at my biggest and most important customers who never ever pay late. I don’t want to be constantly calling…
Nonprofit Accounting: Essential Principles and Best Practices
Treat the 65/35 “rule” more like a guideline to direct as much of your nonprofit’s funding toward its programs as is reasonably possible. If you have to cut costs at your organization, see if you can reduce overhead spending before taking any funding away from your programs. In other words, they are not subject to…
Amazon Seller Central: Manage your Amazon business
Firstly, as just mentioned, you can be almost 100% sure that your accountant will not miss any official deadline and therefore protect you from facing any submission delay fines. Accordingly, this time saving allows you to focus on other things in your business that you are probably better at. Now that we have seen what…
How Much Does An Accountant Cost In 2024?
Accounting bachelor’s programs teach foundational skills and knowledge to prepare graduates for entry-level jobs or graduate study. A certified public accountant, or CPA, deals with public financial documents such as tax filings. They deal with official company reports to investors, clients, and the Securities and Exchange Commission. As a small business owner, chances are you’re…
Payroll Services for Small Businesses
Don’t worry, you don’t have to be an accountant to use QuickBooks Payroll. The setup is designed to be straightforward, and the day-to-day tasks are surprisingly simple. The QuickBooks Payroll dashboard is the central hub for all payroll activities. It is https://www.bookstime.com/articles/net-sales designed to help you manage and monitor your payroll tasks with ease. Statutory…
Learn About FICA, Social Security, and Medicare Taxes
Your Social Security and Medicare taxes add up to 7.65% of the money you make. Your employer will match that amount—and provide the government with total FICA taxes representing 15.3% of your earnings. For 2022, you pay Social Security taxes on any earnings up to $147,000; your employer will withhold 6.2% of each paycheck to…
Exempt organizations audit process Internal Revenue Service
Just as a nonprofit funding strategy must be aligned with an organization’s mission, audits help ensure that financial practices are in keeping with its purpose, goals, and vision. The word “audit” may evoke images of IRS agents swarming your office, but the reality for most nonprofits is much less frightening. In this article, we’ll walk…
Startup industry expertise in accounting and CFO services
Companies with high operating leverage tend to do better in bull markets and periods of high growth, as profits grow faster than revenue. Still, because of the fixated nature of the cost structure, they tend to get wiped out much quicker in economic downturns. We use this financial term to describe how sensitive a company’s…
Kruze Consulting: Expert Accounting for VC-Funded Startups
These are the questions that will guide the business to its next great products with an accurate cost profile as part of the new product business case. There are a lot of questions and resulting actionable information buried in discounts and allowances and COGS. This process ensures everyone is aware of what is held on…
Best Business Credit Cards For Travel Of 2025
If approved, your shiny new business card should https://www.bookstime.com/articles/trade-payables arrive within seven to 10 business days. If you have a team, now’s the time to issue employee cards and set spending limits — keeping your expenses organized is way easier than chasing down receipts later. We thought about what different businesses might benefit from —…
