You must also pay $25 per month for every two users added above the included two-user limit. QuickBooks offers discounted products for nonprofits through TechSoup, a nonprofit tech marketplace. We recommend that churches and other houses of worship use QuickBooks Online Plus or QuickBooks Advanced so they can get all the tools, tracking, and reporting …
Church Software for Ministry & Finances Icon Systems Read More »
For Coca-Cola, the company’s commitment to returning capital to shareholders is also one of its most significant risks. Nowadays, companies often issue additional shares to their loyal stakeholders. For example, one hundred shares of Microsoft bought at $21 per share in 1986 ballooned to 28,800 shares after 25 years. Many of Microsoft’s shareholders and employees who …
During your internship you’ll interact with multiple clients, providing you exposure to a variety of organizations and a stronger understanding of applicable tax implications for different clients. If you need to design a logo, you can do that yourself or reach out to designers. The logo will help you start marketing to your target audience, …
Accounting, Business Consulting and Technology Solution Experts Read More »
Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be able to make financial decisions with confidence. We monitor multiple business sectors & issue opinions on various products and services that we view are worthwhile for any business to thrive and grow. You can send payment …
Medallion owners or their agents pay a tax for any cab ride that ends in New York City or starts in the city and ends in Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, or Westchester counties. This tax, known as the taxicab ride tax, is generally passed on to consumers. Medallion owners are those who are duly licensed with …
New York enacts 2023-2024 budget with tax changes Read More »
Inventory represents the cost of goods that are available for sale or in the process of being made. How you report inventory in your financial statements can affect your profitability, cash flow, and tax obligations. In this article, you will learn the basics of inventory accounting and how to report inventory in your balance sheet …
How Are Inventories Reported on Financial Statements? Read More »
For example, the first accounting entry to record an electricity expense is made not when an electricity bill is received, but when it is paid. In the journal entry, Utility Expense has a debit balance of $300. This is posted to the Utility Expense T-account on the debit side. You will notice that the transactions …
A purchase order is a commercial source document that is issued by a business’ purchasing department when placing an order with its vendors or suppliers. The document indicates the details on the items that are to be purchased, such as the types of goods, quantity, and price. In simple terms, it is the contract drafted …
One of the main advantages of blockchain is that it eliminates the need for intermediaries and central authorities, such as banks, brokers, or auditors, to verify and process transactions. This reduces the risk of errors, fraud, and manipulation, which can affect the accuracy and reliability of cost accounting data. For example, blockchain can prevent double-spending, …
Blockchain & Cryptocurrency in Accounting English 202D Fall Blog Read More »
From the perspective of running a business, it makes sense to have an overdraft arrangement, so that presented checks will be honored by the bank. Unless you’ve opted into overdraft protection, the bank may decline the transaction and charge you a fee. Here’s everything you need to know about non-sufficient funds fees (also known as …
not sufficient funds NSF check definition and meaning Read More »
