Content Independent contractors get no benefits. Independent Contractor vs. Employee Chart What Is the Difference Between an Employee and an Independent Contractor? Form SS‑8 Independent contractors vs. employees: The risks Updating your employment law handbook If you want the IRS to determine if a specific individual is an independent contractor or an employee, file Form […]
Category Archives: Bookkeeping
What is Health Care Accounting? Methodist University
Content Please Sign in to set this content as a favorite. What to Expect: The 2022 Census Poverty, Income, and Health Insurance Reports Consultants Corner: Dr. Chris Senkowski on rural healthcare, physician leadership and challenges in coding and reimbursement 5. Cost data and support of local clinical and managerial decision-making steps to adopting a more modern […]
Travel Agency Accounting
Travelopro is a trusted travel accounting software company that offers an online approach to entire finances in the business while you are traveling anywhere and anytime. Our travel accounting software builds a simple way of finance and accounting management for all travel agencies. We focus on providing 100% accurate accounting, GST & VAT accounting, integration […]
Accounting and Financial Management for Travel Agencies e‑learning
To separate your business finances, be sure you have separate bank accounts and a business credit card. You should try and avoid running any personal expenses through your business bank and credit card accounts. As a travel agency owner, you need to remember that you are running a business, making it essential to have separation […]
5 1 Describe and Prepare Closing Entries for a Business Principles of Accounting, Volume 1: Financial Accounting
These posted entries will then translate into a post-closing trial balance, which is a trial balance that is prepared after all of the closing entries have been recorded. After the closing journal entry, the balance on the drawings account is zero, and the capital account has been reduced by 1,300. The retained earnings account is […]
Which accounts are debited in the closing entries?
Temporary accounts are accounts in the general ledger that are used to accumulate transactions over a single accounting period. The balances of these accounts are eventually used to construct the income statement at the end of the fiscal year. Our discussion here begins with journalizing and posting the closing entries (Figure 5.2). 2022 Instructions for Schedule […]
3 3 Process Costing Weighted Average Managerial Accounting
Content Distinguish between job costing and process costing Using the Process Costing Method What is the difference between process costing and job-order costing? Cost per unit What Are the Different Types of Process Costing Methods Used in Manufacturing? It’s ideal for businesses that keep finished goods and transfer them to Cost of Goods Sold (COGS) […]
Importance of the Finance & Accounting department in Law Firms
Content Why QuickBooks Practice Management Tips for Oregon Lawyers Best Online Accounting Firms for Small Business Reasons Your Law Firm Should Consider Clio Manage Sort hard and soft costs Data integration Pricing information provided is made up of intel from customers, consultants, and in some cases the software publisher. Report billing/revenue by Matter, Client, Originator […]
Best Virtual & Outsourced Accounting Services 2023
Content Live Bookkeepers you can trust What Is the Best Free Accounting Software for Small Businesses? Best for Small Businesses Bench claims to offer “expert” bookkeepers who’ll provide you with one-to-one support and essentially manage your business’s numbers for you. This one-to-one support (customer service) law firm bookkeeping is available via messaging and calling through […]
What is a cash advance and how do they work?
An MCA is a type of business financing that differs from a traditional small-business loan. It is repaid to the lender through a portion of your business’ future sales. Lenders that offer an MCA charge a factor rate, which is a fee that is added to your funding amount, to arrive at a fixed master […]