What is Bookkeeping & why it is important? Methods of Bookkeeping

Content What is the difference between a bookkeeper and an accountant? Bookkeeping vs. accounting Why should you hire a bookkeeper? Salary Range for a Bookkeeper What’s the Difference Between a Bookkeeper and an Accountant? In some regions of the world, professional organizations offer certification and membership benefits to people who want to work as bookkeepers. […]

Honolulu, HI Professional Bookkeeping Services

Content Can I use digital payments to pay for tax preparation services? Bus lines to Itax & Bookkeeping Services in Urban Honolulu I would like to schedule an appointment Professional Bookkeeping and Accounting Services Bookkeeping/Write-up With our help and guidance, you will always be on top of your finances and ready for the future. Before […]

A Beginners Guide to Double-entry Accounting

Content How to get started with double-entry accounting What Are the Different Types of Accounts? Example 3: Paying for Business Expenses Examples of Double-Entry Accounting Who invented double-entry accounting? There is no limit to the maximum number of accounts under double-entry accounting. However, each transaction must have at least entries in two accounts. Your accountant […]

Accounting The Accounting Cycle in a Merchandising Corporation

Content How are sales discount recorded? Accounting for sales discounts Permanent and Temporary Accounts Which of the following types of accounts have normal credit balance? Is a sales discount an expense? General ledgers Is sales discount an asset? List the methods that companies should use to safeguard inventory and accounting procedures that should be used […]

Incremental Cost Explained

Content Incremental cost-effectiveness ratio Examples of incremental cost How is Incremental Cost or Marginal Cost Used? Example of Incremental Cost Incremental Costs For example, the incremental cost of an employee’s termination includes the cost of additional benefits given to the person as a result of the termination, such as the cost of career counseling. Or, […]

Rounding Reported Hours Human Resources

Content A Word of Caution With Payroll Software Paycor Payroll Review: Human Capital Management & Payroll Software How to Convert hh:mm Digital Time to Decimal Hours Set a clear time rounding policy. Need help with accounting? Easy peasy. How to Calculate Work Hours By keeping breaks separate from project time logs, employees can account for […]

Accounting for Investments: Cost or Equity Method The Motley Fool

Content What Is Equity Method of Accounting? (Definition and Examples) Purposes of the equity method of accounting for investments Equity Method Investments Current status of the project Similar to Advansed Accounting Ch 1: The Equity Method of Accounting for Investments Example of the Equity Method IAS 28 — Investments in Associates and Joint Ventures ( […]

What are the sales and use tax rates in Illinois? – Questions and Answers

Content Use Tax – Common Questions and Answers How to Look Up Location Codes & Tax Rates Calculate Credits & Deductions Add the sales tax value to the pre-tax value to calculate the total cost. Type an address above and click “Search” to find the sales and use tax rate for that location. If you […]

Xero to QuickBooks Conversion, Migration ,Data Transfer Export Guide

Content XERO To QuickBooks Employee Transaction / List We Take The Stress Out Of Switching From Xero To QuickBooks Our products Upload Transactions It works well with Xero and other accounting platforms too. You can classify over hundreds of transactions simultaneously, https://xero-accounting.net/ and match up invoice payments and bills. In case of inventory tracking, expect […]