Category Archives: Bookkeeping

Usually, you’ll get another letter detailing the commission decision with an appeal option after the letter with accurate documents and evidence. Use certified mail with a return receipt requested, so there is no doubt that the IRS actually received it. If the IRS misplaces the information after this point, it is their responsibility. Tickmark, Inc. […]

Without accurate reporting, you won’t have the full financial picture. On a cash basis, you only record transactions when money changes hands. If you receive an invoice on the 10th but don’t pay it until the 15th, the transaction is https://www.bookstime.com/ recorded on the 15th. It’s also worth noting that while all CPAs are accountants, […]

While working for an hourly wage can provide greater flexibility with your schedule and the potential for overtime pay, for the most part, a salaried position is a much better deal. Even if the hourly wage listed in a job posting looks to be on par with another job’s annual salary, the additional benefits and […]

Your virtual bookkeeper categorizes your transactions and prepares financial statements for your business. Adding a virtual assistant bookkeeper to your financial processes can be tricky. This step involves reviewing your current processes to see where a virtual assistant fits best and training everyone to work well together. Financial transparency Belay’s team of experts presents complex […]

Generally speaking, you don’t need to be great at math to make and follow a budget. First of all, understanding general concepts relating to your income, spending, debt, saving, and allocating your funds are important. Then, the basic ability to add and subtract is most of what’s called for. That’s especially true if you’re budgeting […]

Our writing and editorial staff are a team of experts holding advanced financial designations and have written for most major financial media publications. Our work has been directly cited by organizations including Entrepreneur, Business Insider, Investopedia, Forbes, CNBC, and many others. This team of experts helps Finance Strategists maintain the highest level of accuracy and […]

At this stage you’ll also have to specify your business activity type for statistics and licensing purposes. Though it can be optional depending on your type of business, having a dedicated business bank account helps you separate personal and business transactions, which will make it much easier for you to file taxes. After that, you’ll […]

For example, a global pandemic can deem the sales forecasts for that period outdated and irrelevant, something which many businesses have experienced in genuine ways the past year. This is why you should have a flexible approach when making your forecasts, so if and when the wind does change, you are ready to sail in […]

Typically, funds from a deposited cashier’s check must be available the next business day. However, a bank may place a hold on some of those funds if the check exceeds $5,252. It can also place a hold on the entire amount if it has reason to believe the check will not clear. A cashier’s check […]

In the example above, the number of shares outstanding has increased since the balance sheet date. Note that the latest information on the number of shares outstanding is nearly 2 months after the balance sheet date. In this case, the same result could have been achieved by multiplying the 111,000 shares how to calculate outstanding […]