Categorie: Bookkeeping

QuickBooks Self-Employed offers none of this, so if it seems like something your business would need, you’ll need QuickBooks Online. QuickBooks Online does a lot of things, but calculating quarterly estimate taxes is not one of them. That said, estimating quarterly taxes is not exactly rocket science. Many freelancers just base them off of what…

Jami Gong is a Chartered Professional Account and Financial System Consultant. She holds a Masters Degree in Professional Accounting from the University of New South Wales. Her areas of expertise include accounting system and enterprise resource planning implementations, as well https://www.bookstime.com/articles/net-realizable-value as accounting business process improvement and workflow design. Jami has collaborated with clients large…

For example, if a law firm were to use Xero for bookkeeping, they would be able to see real-time insights into their finances and integrate it with Clio. This would make bookkeeping and accounting much simpler and more efficient for the law firm. When choosing an accountant for a law firm, it is important to…

COGS is sometimes referred to as the cost of sales; it refers to the costs a company has for making products from parts or raw materials or buying products and reselling them. These costs are an expense of the business because you sell these products to make money. Cost of goods sold is the term used for…

No add-on services, like tax planning or accrual basis accounting, outside of catch-up bookkeeping. These certifications are not required to secure bookkeeping jobs. Still, completing one or both of the licensing processes demonstrates that job applicants possess skills and competencies employers need. So, what is a bookkeepers who can add “CPB” or “CB” after their…