Job order costing vs process costing
Job order costing and process costing are two distinct methods used in accounting and cost management to allocate costs to products or services. They...
What is the difference between a ledger and a simple journal entry?
A ledger and a simple journal entry are both important components of the double-entry accounting system, but they serve different purposes and have di...
What is a Business Tax Code?
A business tax code typically refers to a set of rules, regulations, and tax laws that govern how businesses are taxed by the government. It outlines...
Tips on tax reduction for businesses
Reducing taxes for your business legally and ethically is a sound financial strategy that can increase your profitability and cash flow. Here are some...
What is a Journal Entry?
A journal entry is a fundamental accounting record used to track and document financial transactions within a business. It's the first step in the dou...
Bookkeeping Ethics Handling Confidential Information and Maintaining Integrity
Maintaining ethical standards in bookkeeping is essential to protect the integrity of financial data and ensure trust among stakeholders. Here are key...
What’s New with Quickbooks Online for November 2021?
Mailchimp app for QuickBooks® Online The Mailchimp app for QuickBooks Online is a one-way sync that imports QuickBooks contacts and revenue data in...
Level up your Small Business
Starting a business is great! It's fun, exciting, and can be very promising. Just like any new venture, the thrill can be addicting. All startups b...
Common Errors in Tax Preparation
Mistakes can happen when you're preparing your taxes, even with all the technological automation on hand. A good way to avoid the oversight is to keep...
Reasons Why Your Business Needs an Accountant
Do you ever think your business needs an accountant? There is a high percentage of small business owners shutting down after just a year of operation...