Unfortunately, competence may not be recognized by unsophisticated clients. Competence is also required as a business professional to ensure proper management of your cost structure and revenue realization. With that insight, she began experimenting with value pricing by creating packages that showcased the high-value advisory work. By connecting her tax planning work to potential tax […]

GAAP compliance makes the financial reporting process transparent and standardizes assumptions, terminology, definitions, and methods. External parties can easily compare financial statements issued by GAAP-compliant entities and safely assume consistency, which allows for quick and accurate cross-company comparisons. When accounting principles allow a choice among multiple methods, a company should apply the same accounting method […]

These versions give business owners more features and reports geared toward their industry. You can learn more in our guide to the industry-specific editions of QuickBooks Enterprise. QuickBooks Pro is geared toward small to medium businesses and starts at $41/month for a single user. QuickBooks Pro 2023 must be purchased through a reseller or a […]

Our entrepreneurial spirit inspires the creative solutions we provide to our business partners and their employees. Unlike other Professional Employer Organizations, we believe in actually doing the work as your HR department instead of pushing work back to you gives you more time to run and grow your business. Robin was born and raised in […]

They’ll typically charge their hourly rate, which is higher than a bookkeeper’s, because of the hard work in getting accredited. Many small businesses experience significant advantages by embracing outsourced bookkeeping. You not only gain access to expert advice and enhanced peace of mind but can also achieve cost savings that contribute to boosting your overall […]

The customer will pay the vendor directly for the installation service. The customer will fill out the rebate information for the service provider. The service provider will discount the price of installation in exchange for the income they’ll receive from the utility company (third party), which is considered income. For example, HP (the supplier) may […]

For example, vehicles, buildings, and equipment are tangible assets that you can depreciate. When an asset brings in money for more than one year, you want to write off the cost over a longer time period. Use amortization to match an asset’s expense to the amount of revenue it generates each year. Items that are […]

I’ve set up the payroll item and added the item to his Additions, Deductions, etc. for each paycheck. It is deducting it Net Pay, as it should and it is listed in my Payroll Liabilities report. However, it does not appear in my Payroll Liabilities to be paid. Using a payroll software, like Gusto, to […]

In accounting, investment activities refer to the purchase and sale of long-term assets and other business investments, within a specific reporting period. The results of a company’s reported investing activities give insights into its total investment gains and losses during a defined period. Cash flow from investing activities includes any inflows or outflows of cash […]

Wave is cloud-based, so you can securely access your accounting software and your financial information anywhere you are – whether you are working in your pjs, or waiting for a meeting to start. You can also choose from Wave’s selection of free, beautifully designed invoice templates to make sure every touch point with your client […]