The skills needed to become a successful bookkeeper are often acquired through working in a career in the finance industry or even by balancing your personal budgets. Many bookkeepers hone and develop their expertise over time while others opt to complete seminars, read books or take online classes. If you’re unfamiliar with local and federal...Read More

Entering the ending balance in QuickBooks Desktop is a critical step in the reconciliation process, ensuring that the financial records match the closing balance of the bank statement accurately. Reconciling in QuickBooks Online involves several key steps to ensure that the financial records align with the bank statement and reflect accurate transactional data. Marking a...Read More

The Net Income (Net Loss) and dividends are paid below for the years 20X6-20X9. Thus, the net balance of insurance expense is $150. It is the account or graphical representation of general ledger account or its entries. retained earnings statement example wileyplus The left side of the T-account represents as debit side whereas, the right side...Read More

Of all the options listed here, our favorite cheap payroll program is Patriot, a self-service payroll platform starting at $14 a month for one employee. (Its full-service payroll program starts at $35 a month for one employee.) UZIO offers similar payroll pricing for its full-service plan, and Wave Payroll’s $26 payroll service isn’t bad either....Read More

The number of outstanding shares of a company changes constantly and is used to calculate its market capitalization. This is done by multiplying the total shares outstanding by the current price per share. So a company with 10 million shares outstanding and a share price of $5 has a market cap of $50 million. You...Read More

Doctors often provide services and go without the corresponding revenues for months, if they ever receive them at all. If tracking your finances daily isn’t high on your list of priorities, consider outsourcing your bookkeeping to a service like Bench. Bench offers online accounting services for small business owners who’d rather spend time growing their...Read More