Bookkeeping

May 10, 2022

Undeposited Funds Account in Quickbooks: What is it and How is it Used?

Since there is not a bank account that supports https://www.personal-accounting.org/what-is-recoverable-depreciation-for-home/ or accounts receivables, you need to reconcile these accounts to income received, instead of a bank […]
May 3, 2022

S Corporation Business Taxes LLC Tax Filing

The corporation can truncate a shareholder’s identifying number on the Schedule K-1 the corporation sends to the shareholder. Truncation isn’t allowed on the Schedule K-1 the […]
April 27, 2022

Journal Entry for Common Stock Issued

Before understanding the accounting for the allotment of common stock, it is crucial to know what it is. When a company issues new common shares from […]
April 25, 2022

How To Calculate Sales Tax: A Step-by-Step Guide

Many rules and regulations affect sales tax across the United States. All states impose sales taxes differently, with tax rates ranging from 0% to 16% depending […]