Bookkeeping

You should consider hiring a bookkeeper or outsourced bookkeeping firm that has payroll training to help you manage these complex duties. We often help with catch-up bookkeeping work when onboarding a new client. That’s why we offer a free hidden growth report to help dentists find tens of thousands of dollars in immediate revenue potential. […]

Each transaction must have at least one debit and one credit. This is postedto the Cash T-account on the debit side beneath the January 17transaction. Accounts Receivable has a credit of $5,500 (from theJan. 10 transaction). The record is placed on the credit side ofthe Accounts Receivable T-account across from the January 10record. This is

In general, the bond market is volatile, and fixed income securities carry interest rate risk. Any fixed income security sold or redeemed prior to maturity may be subject to loss. Instead of settling for 2%, investors realize they can instead try to buy the 5% bond in secondary markets. Women Talk Money He currently researches

These transactions include interest income, bank deposits, and bank fees. You should perform monthly bank reconciliations so you can better manage your cash flow and understand your true cash position. Read on to learn about bank reconciliations, use cases, and common errors to look for. Businesses should reconcile their bank accounts within a few days

Implement strong security measures like encryption, secure login procedures, and firewalls. Regularly update your security software to protect against new threats. Train your employees on data security practices, such as recognizing phishing attempts and using strong passwords. By taking these steps, you can safeguard your payroll data and maintain the trust of your employees. In

In double entry bookkeeping terms, a contra revenue account or contra sales account refers to an account which is offset against a revenue account. Keep reading to learn more about contra revenue accounts and what should go in them. Another type of contra account is known as “contra revenue,” which is used to adjust gross

A low inventory turnover ratio might be a sign of weak sales or excessive inventory, also known as overstocking. It could indicate a problem with a retail chain’s merchandising strategy or inadequate marketing. Simply put, a low inventory turnover ratio means the product is not flying off the shelves, for whatever reason. This article explores

It is the process of legally declaring a corporate entity as separate from its owners. Corporation ownership is based on the percentage of stock ownership, which offers much more flexibility than other entity types in terms of transferring ownership and perpetuating the business for the long term. Each owner of the corporation generally owns a

We know that as an early-stage business founder, you are busy. You need to get the information you need to make decisions and to ensure the utmost of financial health. Kruze’s team of professional bookkeepers will work with you to find the financial delivery date that meets your needs. Payroll taxes are taxes that ALL

However, automating this process with accounting software can save a huge chunk of time and effort in accounting processes. Some businesses choose to close their books each month to regularly analyze their financial health. However, others may focus on quarterly reports, especially publicly traded ones, because the Securities and Exchange Commission (SEC) requires them to submit quarterly