Category: Bookkeeping

There are times when you want to create new account types that fit in with your SaaS business. However, you are not sure of what name to give to a new account that you want to create to capture more details so that you can get valuable information about the financial health of your business.… Continue reading Calendar and Chart of Accounts

Content Start exploring the best personal finance content! Navigating 1031 Exchange to Not Have To Pay Taxes Filing Past Tax Return Late: The Good, The Bad, and The Ugly Avoid interest and penalties You File a Claim After 2 Years from When You Paid the Tax At a minimum, you’ll need Forms W-2 and 1099… Continue reading How To Do Your Back Income Taxes

This is to ensure that stakeholders are appropriately informed about what’s going on in the business. Have your sights set on leadership positions in your current organization or future career? Keeping your pulse on current business trends will help you anticipate and respond to the changing landscape in your industry and beyond. The Bentley-Gallup Force… Continue reading Managerial Accounting vs Financial Accounting: The Top 10 Differences

This helps prevent budget overruns and provides greater transparency in financial planning. By reserving funds for future liabilities, such as payroll and taxes, organizations can ensure that they have the necessary funds available when needed. This allows for better expenditure control and prevents overspending, ultimately leading to improved financial stability. Various software solutions are designed… Continue reading The encumbrance accounting process