Bookkeeping

Before attempting to calculate your current WIP inventory value, here are some terms you will need to know first. Often indicating very similar types of work, this may include work in progress, construction in progress, or construction work in progress. Many companies use both terms interchangeably to describe incomplete assets. However, there are subtle differences …

Work in Progress WIP Accounting: What Is It and Why Is It Important? Read More »

When you apply for invoice financing, your provider considers both your credit history and that of the customers you’ve invoiced. The invoice financing company agrees to lend Kay’s Catering 80% of the $20,000 invoice they’re waiting on with a 4% interest fee for every 30 days the loan is unpaid. PO funding, or purchase https://www.bookstime.com/ …

FreightWaves Infographics: What Triumph invoice data reveals Read More »

This blogpost only scratched the surface on IRS Form 941. There’s even more to know about the form, reporting schedules, corrections, and other forms and taxes that must reconcile with Form 941. Investing in a payroll resource guide can be an excellent way to keep up to date with all the changes and adjustments. Note …

Forms 940, 941, 944 and 1040 Sch H Employment Taxes Internal Revenue Service Read More »

Capital leases are used for long-term leases and for items that don’t become technologically obsolete, such as buildings and many kinds of machinery. If you are leasing a piece of machinery that you intend to use for a long time, you probably have a capital lease. If you are leasing a high-technology piece of equipment …

Finance Leases vs Operating Leases Explained Read More »

The Accounting/Bookkeeper position is a salary position with benefits and yearly evaluations after a 90-day probation period. The accountant will be responsible for processing payroll for all … By clicking the button above, I agree to https://www.bookstime.com/ the ZipRecruiter Terms of Use and acknowledge I have read the Privacy Policy. Your feedback is important to us.Please …

$18-$30 hr Personal Bookkeeper Jobs in Houston, TX Read More »

There are many employers that will offer you enormous figures with minimal education or others that will appreciate your level of experience. They take a lead role in developing risk management strategies in harmony with fundamental laws and business principles of the company itself. A bachelor’s degree may be enough to get you started in …

Is An Accounting Degree Worth It? Heres What You Should Know Read More »

The positive balance is the amount seller owes to the buyers. Moreover, the seller should review the open credit memos at the end of each reporting period. It will help them to see if the customer owes money that can be linked to open accounts receivable. In accounting terms, a credit memo is a source …

What is a Credit Memo? Definition, Examples Read More »