Bookkeeping

What Are Chart of Accounts? How It Works, Setting up & Pros

The general ledger provides a comprehensive view of your financial activities. However, a profit and loss (P&L) statement overviews revenues and expenses. As you embark on your CoA transformation journey, think about your long-term reporting strategy and contemplate how you ...

QuickBooks Online vs Xero 2024 Comparison

Meanwhile, a vertical sidebar can take you to more in-depth dashboards dedicated to topics including Workers, Taxes, and Reports. QuickBooks also offers a number of tailored reports, including QuickBooks reports for nonprofits, which let organizations track their donations and finances ...

New Form I-9 Published 7 17 17 Sivaraman Immigration Law

“Employers must remember that workers can show any document that shows right to work and don’t have to use the same documents they presented when verified previously,” Shen said. Sheppard Mullin’s Labor & Employment Law Blog is designed to provide ...

How to Do Accounting for Your Construction Business 8 Steps

Any subcontractors involved in a project can rack up costs if payments and expenses are not accurately construction bookkeeping tracked. Maintain separate accounts for each subcontractor, and pay invoices promptly to maintain a positive relationship and avoid penalties. For contractors ...

7 Effective Discount Pricing Strategies to Increase Sales 2025

A rationalized supplier database leads to increased competition among suppliers and reduced supply costs. It can account discount purchasing for a large percentage of all purchases where there is no centralized purchase-to-pay (P2P) procurement process and can be a significant ...

FIFO Calculator for Inventory

With over a decade of editorial experience, Rob Watts breaks down complex topics for small businesses that want to grow and succeed. His work has been featured in outlets such as Keypoint Intelligence, FitSmallBusiness and PCMag. Jeff is a writer, ...

Outsource to India: What you need to know

This would help them reap the many benefits of outsourcing like less overhead cost, round-the-clock work, better communication, and timely delivery. As discussed above, businesses are looking what is lifo method definition and example forward to increasing their outsourcing budget. ...