Category Archives: Bookkeeping

Employee vs Inde­pen­dent Con­trac­tor Dif­fe­rence and Com­pa­ri­son

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 […]

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 […]