Category: Bookkeeping

Content Tax Liability: What It Is and How to Calculate It How we make money What Is the Self-Employment Tax and How Do You Calculate It? Need help with accounting? Easy peasy. Tax credits reduce your tax liability, too, but in a different way. Deductions subtract from your income so you’re taxed on less, but credits subtract directly from what you owe the IRS. Your liability would drop from $5,000 to $4,000 if you’re eligible to claim a $1,000 tax…

Content Composition of an Amortized Loan Payment Calculate Your Monthly Payment What is an amortization schedule? Saving for a down payment: Where should I keep my money? Explore personal banking Join Over 1 Million Premium Members Receiving… Amortization of Loans The Straight Method is preferable when the premium amount is very less or insignificant. Bonds PayableBonds payable are the company’s long-term debt with the promise to pay the interest due and principal at the specified time as decided between the…

Content How much do CPAs charge? Financial assistance available QuickBooks Live Alternatives Do Companies Want Bookkeepers Who Already Know Quickbooks? Securely download transactions to see where you’re making and spending your money. Make your business look good with custom, professional invoices, sales receipts and estimates that reflect your brand. To get the best possible experience please use the latest version of Chrome, https://www.bookstime.com/ Firefox, Safari, or Microsoft Edge to view this website. Employees who often need to record their receipts…

Content SG&A Expenses vs. Operating Expenses What are SG&A Expenses? What is an SG&A Expense? SG&A Can Be Fixed or Variable Costs What Is the SG&A Sales Ratio (or Percent of Sales Method)? Selling, General and Administrative Expense Why Do You Need to Know SG&A for Your Business? We need to choose an income statement to view the SG&A expenses. Direct expenses are shipping expenses of the product and sales commissions. What do you notice about our selling and administrative…

Content Accounting Methods to Determine Salvage Value Prime Cost Depreciation Method Recommended Articles Financial Modeling Course (7 Courses, 14 Projects) Salvage value is the approximate value of an asset at the end of its useful life. Salvage value is an estimate, while depreciation is a calculation based off this amount. Double declining balance is the most widely used declining balance depreciation method, which has a depreciation rate that is twice the value of straight line depreciation for the first year…

Content QuickBooks Online Payroll Core Learn More about Quickbooks payroll How much does QuickBooks Payroll cost? Are There Cheaper Options Than Intuit Online Payroll? Everything You Need To Know About Small Business Payroll Ready to super-charge your payroll with the world’s most powerful accounting software? But QuickBooks Payroll is more expensive than OnPay, which costs $36 per month plus $4 per employee per month. QuickBooks Payroll Core offers excellent tools for managing payroll, but it lacks some of the functionality…

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