05Sep
What Is A Product Cost? Explained, Types, and Examples
These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the... read more
29Aug
What Financial Statement Lists Retained Earnings?
A business entity can have a negative retained earnings balance if it has been incurring net losses or distributing... read more
04Aug
Outsource Bookkeeping: 6 Benefits, Types & Process
You can hire local bookkeepers or a bookkeeping team located near your company. The main benefits of such an... read more
12Apr
How Long to Keep Business Tax Records and Receipts
The IRS can come looking for your records anytime in the future. Claimed a deduction for worthless securities or... read more
06Apr
Individual Taxpayer Identification Number Internal Revenue Service
A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception... read more
23Mar
Demystifying The IRS $75 Receipt Rule for Business Expenses
That means if you’ve lost the receipt for a smaller cash purchase, it’s usually not a big deal. Compliance... read more
17Mar
Guide on how to outsource Invoice data entry
ContentTips for successful accounts payable outsourcingHow to Outsource Invoicing to Your Virtual or Personal AssistantWhat happens if you don’t... read more
28Jan
What Are Generally Accepted Accounting Principles GAAP?
Your nonprofit budget is the planning document used to predict expenses and allocate resources for your organization. It details... read more
26Jan
Where petty cash appears in the balance sheet
Accounts payable (often called A/P), on the other hand, focuses on the unpaid bills of the business—that is, the... read more
25Jan
Where petty cash appears in the balance sheet
Accounts payable (often called A/P), on the other hand, focuses on the unpaid bills of the business—that is, the... read more