Category Archives: Bookkeeping

Product-based businesses often track inventory using inefficient methods, including spreadsheets and pen and paper. QuickBooks’ new e-commerce capabilities are designed to help these businesses manage orders and inventory with more confidence and less work, which is critical especially during the busy holiday season. In fact, customers report they plan to spend 35% more than they […]

Content What is an in kind donation letter? In-Kind Donations and the IRS Use grants to diversify your nonprofit funding. How to Write an Annual Fund Plan for Your Nonprofit in 7 Steps Corporate Donation Guide How to Secure In-Kind Donations for Your Nonprofit What are examples of in-kind services? For example, there are IRS […]

The organization, sometimes referred to as the “parent organization”, that holds a group exemption letter for one or more subordinate organizations under its general supervision and control. Answer “Yes” or “No” to indicate on line 2a or line 2b whether the organization’s financial statements for the tax year were compiled, reviewed, or audited by an […]

Assume for all the examples that you use a calendar year as your tax year. A quarter of a full 12-month tax year is a period of 3 months. The first quarter in a year begins on the first day of the tax year. The second quarter begins on the first day of the fourth […]

Changes in depreciation that are not a change in method of accounting (and may only be made on an amended return) include the following. Use Form 4562 to figure your deduction for depreciation and amortization. Attach Form 4562 to your tax return for the current tax year if you are claiming any of the following […]

A bond is a type of fixed-income investment that represents a loan made from a lender (investor) to a borrower. It is an agreement to borrow money from the investor and pay the investor back at a later date. Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked […]

Content Get Immediate Support For Your Accounting Software Supported Entities File Extension : Convert Data General To Intuit Interchange File We Are Checking Your Browser Filextcom What’s New In Version 1 73 User Reviews Get Support E-Tech is the #1 Quickbooks data migration and Conversion service provider. Go to the folder location, and look for […]

Content Closing EntryExplained with Journal Entry Examples Examples of Closing Entries What Are Income Statement Accounts? Do you post closing entries? What Is Wrong if a Company Doesn’t Complete the Closing Entries? What is the Post Closing Trial Balance? As you will learn in Corporation Accounting, there are three components to the declaration and payment […]

Content Software pricing tips Construction payroll service RUN Powered by ADP Rippling: Best Construction Payroll Software For Large Businesses Our Construction Payroll Services Vs. General Payroll Services Construction payroll and HR solutions that make managing a job site easier Integrations With Financial Software The software enables users to simply match employees to the correct job […]

Content Volunteer Income Tax Assistance (VITA) Total Child Tax Credit Dollars by Income Level The Child Tax Credit: Current Law Office of Temporary and Disability Assistance Taxes and the Family The child tax credit allows taxpayers to reduce their federal income tax liability by up to $2,000 per qualifying child. If the value of the […]