Category: Bookkeeping

The nominal accounts are almost always the income statement accounts such as the accounts for recording revenues, expenses, gains, and … Continue ReadingWhat is a nominal account? Sage Advice United Kingdom

Interest expense is a typical expense that is required and paid regularly. Finally, the payable account is deactivated because money … Continue ReadingWhat is interest payable?

The cost of sending the cars to dealerships and the cost of the labor used to sell the car would … Continue ReadingCost of Goods Sold COGS Formula + Calculator

Also, in some cases, a corporation can elect to modify the section 481(a) adjustment period. The corporation may have to … Continue ReadingThe Best Guide to IRS Form 1120 for Corporate Income Tax

The idea of retention is to provide the customer with some security against any deficiencies or defects on the project. … Continue ReadingA Guide to Construction Bookkeeping

As states and localities continue to legalize cannabis use and businesses, federal law appears increasingly discordant, raising a number of … Continue ReadingThe Biden Administration’s Latest Move Makes This Cannabis Stock a Buy The Motley Fool

Bookkeeping Solutions Plus is a certified QuickBooks ProAdvisor. Is a full-service accounting firm that offers individualized financial services to small … Continue Reading12 Best Kansas City Bookkeeping Services