With your business accounts and accounting method in place, it’s time to set your foundation. The most obvious example is the properties themselves, but this can also include any cash deposits, land, and your rental property bookkeeping accounts receivable. If you’ve ever run a report in QuickBooks or a similar accounting software to see your […]
Arquivos de Categoria: Bookkeeping
Content Amazing & Inexpensive Bookkeeping Services… Features Alternative social media options for small businesses Small Business Accounting Services Who Should Use GoDaddy Online Bookkeeping? All cloud-based accounting websites operate this way, and it saves countless hours that small businesspeople used to have to spend entering transactions manually. That said, if you wish to manually enter […]
The average Enrolled Agent salary is approximately $52,000 annually, as compared to CPAs, who earn an average of approximately $70,000 a year. According to PayScale, EAs make between $34,000 and $80,000 a year, while CPAs make between $50,000 and $116,000 a year. There is considerably more responsibility required for EAs in senior positions, which translates […]
A contra asset account is an account in the balance sheet that offsets the balance of a regular asset account. The allowance for doubtful accounts is a contra asset because it reduces the value of the accounts receivable (AR) account on the general ledger. Often when a company extends goods on credit, management expects some […]