Category Archives: Bookkeeping
Bookkeeping Salary, Certifications and Career Outlook
- Posted on May 18, 2023
- in Bookkeeping
- by jbadmin
Content Tired of adding bookkeeping in your to-do-list? Intermediate Services ($500 – $1,500+ per month): What is the highest-paid bookkeeper? Firm of the Future What Does a Bookkeeper Do for Your Small Business? Hiring a freelance bookkeeper typically costs between $25 and $45 per hour, depending on their skill level […]
Continue reading...Adjusting Journal Entries for Net Realizable Value Financial Accounting
- Posted on June 28, 2022
- in Bookkeeping
- by jbadmin
This article does not provide legal advice; it is for educational purposes only. Use of this article does not create any attorney-client relationship. Company ABC Inc. is selling the part of its inventory to Company XYZ Inc. For reporting purposes, ABC Inc. is willing to determine the net realizable value […]
Continue reading...What Is a Suspense Account? Examples and How to Use
- Posted on January 17, 2022
- in Bookkeeping
- by jbadmin
This keeps uncategorized transactions separate from categorized transactions. Businesses also use a suspense account to record transactions when there are delays between the receipt of money and the proper assignment in the ledger. For example, money may be transferred to a bank but not deposited into an account, or when […]
Continue reading...Corporate Partners New York Council of Nonprofits
- Posted on December 30, 2021
- in Bookkeeping
- by jbadmin
Content New York Nonprofit Jobs Budgeting vs. Forecasting for Your Business PERSONAL FINANCE SERVICES Outsourcing Bookkeeping for Nonprofits Accounting Solutions of NY The Nonprofit Accounting Specialists. Audit Preparation Looking for a Nonprofit Bookkeeping Solution? A. We have created a document checklist that you will want to keep to inform you of what we […]
Continue reading...How to Determine a Tangible Asset’s Useful Life?
- Posted on December 9, 2021
- in Bookkeeping
- by jbadmin
Property placed in service before 1987 must be depreciated under the methods discussed in Pub. If you hold the remainder interest, you must generally increase your basis in that interest by the depreciation not allowed to the term interest holder. However, do not increase your basis for depreciation not allowed […]
Continue reading...How to Determine a Tangible Asset’s Useful Life?
- Posted on
- in Bookkeeping
- by jbadmin
Property placed in service before 1987 must be depreciated under the methods discussed in Pub. If you hold the remainder interest, you must generally increase your basis in that interest by the depreciation not allowed to the term interest holder. However, do not increase your basis for depreciation not allowed […]
Continue reading...Bookkeeper Job Description, Skills, Experience and Education
- Posted on March 13, 2021
- in Bookkeeping
- by jbadmin
Accountants are also projected to be highly sought-after over the next 10 years. The growth projection for accountants is 6.1%, while job demand for the bookkeeping profession is expected to decline by 1.9%. This decline can be attributed to the role of technology in automating many of the transactional functions […]
Continue reading...What is the entry when a company lends money to an employee?
- Posted on January 25, 2021
- in Bookkeeping
- by jbadmin
You should reduce your wage deduction by the amount of the ERC in the tax year the wages were paid. If you already filed your return before claiming the ERC, you should amend your income tax return to reduce your wage deduction. Claims for refund will not be processed if […]
Continue reading...