Categoría: Bookkeeping
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What is an Invoice Number? Best Methods and Examples
It generally appears near the top of the invoice document so it can be easily noted by both the recipient of the invoice and the business providing it. Invoice numbers allow business owners to organize, categorize, and systematize payment processing in a clear and intuitive way. An organized bookkeeping structure can mean the difference between […]
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36 Business Expense Categories for Small Businesses and Startups
If you receive a below-market gift loan or demand loan, you are treated as receiving an additional payment (as a gift, dividend, etc.) equal to the forgone interest on the loan. You are then treated as transferring this amount back to the lender as interest. These transfers are considered to occur annually, generally on December […]
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What to Do If You Get a Letter from the IRS
Content Return Amendments Have You Received a Nasty Letter From the IRS? Take action What is the statute of limitations for an IRS audit? Pay Also called an examination letter, this notice will outline the type and scope of the audit. It will tell you which information you need to provide https://turbo-tax.org/should-i-be-worried-if-i-receive-a-letter-from-the/ to the IRS, […]
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What Are Net 30 Payment Terms?
Content How Can I Define Net 30 Billing Terms on My Invoices? What are the alternatives to net 30 terms? Wait Patrick! I’ll never get jobs if I don’t take NET 30 Better cash flow management starts with your payment terms Why do companies offer net 30 terms? Remember: Payment Terms are Variable Do net 30 terms […]
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How To Write An Effective Grant Proposal A Nonprofit’s Guide
An SBA grant is federal funding given to a business through a program administered by the SBA. All too often, small business owners miss out on these opportunities, relying on their personal finances to weather financial storms. The SBA continually offers fresh small business grants and loans at sba.gov. SBA grants are particularly valuable because […]
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Annuity Taxation: How Are Various Annuities Taxed?
This strategy uses investments that offer a fixed return over a set period of time, such as CDs or deferred fixed annuities, to protect a portion of your principal. Your remaining assets are then invested in growth-oriented securities such as stock mutual funds or exchange-traded funds (ETFs). Deferred annuities can allow you to accumulate tax-deferred […]
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Remote Bookkeeping Services
Luckily, Dental Bookkeeping has many combined years of expertise in this area and you can rest easy knowing that your finances are in very qualified hands. To answer those questions we need solid bookkeeping to springboard into the “what does it all mean? Once we have the information, we will begin updating your records. We […]
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Best Legal Software for Modern Law Firms
Content New paper shows that ESG polarization in law firms is more myth than reality – Thomson Reuters Institute Accounting Software Integrations and Apps for Law Firms Legal Accounting as a Service Legal How to Create a Successful Law Firm Marketing Strategy in 2022 One reason why people incorporate their businesses in the first place […]
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How to Read & Understand a Cash Flow Statement
Content Investors want global approach to goodwill accounting Cash Flow from Operations Related terms: Taxes it is a tax-deductible cash expense. Finance and Accounting The use of a bracket for a decrease in cash on the DaimlerChrylser cash flow statement is confusing since a decrease in cash is equivalent to a disinvestment or an inflow. […]
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The Pros and Cons of Outsourced Accounting and Bookkeeping
Content Saving your Time By the Books: The Complete Guide to Small Business Accounting & Finance Want To Automate Your Firm? Grab Your Essential 5 App Toolbox. Bookkeeping Versus Accounting The 6 Best Outsourced Accounting Firms to Consider in 2023 It also has reasonable pricing for the features and makes it easy to scale a […]