Categoría: Bookkeeping

Recording undeposited funds appropriately is crucial for maintaining transparency and accuracy in financial reporting. By managing undeposited funds effectively, businesses can gain a clear picture of their cash flow, reduce errors, and maintain a precise record of their financial activities in QuickBooks Online. When you put money in the bank, you often deposit several payments…

Our mission is to empower readers with the most factual and reliable financial information possible to help them make informed decisions for their individual needs. At Finance Strategists, we partner with financial experts to ensure the accuracy of our financial content. Their multifaceted responsibilities contribute significantly to the financial ecosystem, instilling confidence in stakeholders that…

The IRS plans to continue expanding the information available on Where’s My Refund? As you likely know, federal income tax rates are tied to tax brackets that change yearly for inflation. That means you could fall into a higher or lower tax bracket each year based on your income and pay a different tax rate…

You can find a company’s assets, liabilities, and equity on key financial statements, such as balance sheets and income statements (also called profit and loss statements). These financial documents give overviews of the company’s financial position at a given point in time. The accounting equation ensures the balance sheet is balanced, which means the company…

Specialties include general financial planning, career development, lending, retirement, tax preparation, and credit. In the UK, the basic educational requirement for becoming an accountant is a bachelor’s degree or master’s degree in accounting. Following their accounting degree, accountants can specialise or apply for further qualifications through one of the UK’s chartered accountancy bodies. Rasmussen University…

It’s appropriate to ask about the accountant’s fees and how they bill for their services. Some services may be a straight fee charged by the job, while others may be billed on an hourly basis. In each case, you can ask for an estimate to provide clarity and set expectations. Meet with the prospective accountant(s)…