Bookkeeping

Harvard Business Services Inc. offers the lowest Registered Agent fee in the industry, and it is guaranteed to remain fixed at $50 per year, as long as the fee is paid on time and your company remains in good standing with the State of Delaware. As your Registered Agent, we will send you tax reminders […]

Accountants use contra accounts rather than reduce the value of the original account directly to keep financial accounting records clean. If a contra account is not used, it can be difficult to determine historical costs, which can make tax preparation more difficult and time-consuming. A contra revenue account is a revenue account that is expected

Under the SYD method, the depreciation rate percentage for each year is calculated as the number of years in remaining asset life for the same year divided by the sum of remaining asset life every year through the asset’s life. The formula to calculate the sum of the years’ digits depreciation divides the remaining useful

For the basics, you can use some of Wave’s key services without paying a cent. However, Wave might not be the best choice for businesses that are looking to grow big, as there are no advanced plans available. In addition, Wave doesn’t have any dedicated time-tracking features, which can be an issue for some businesses.

In most cases, the businesses were unable to defend themselves and had to wait 120 days before any funds were transferred. You can set up multiple sales tax rates, apply them to invoices, and generate reports to help with tax compliance. The program did well in A/R management, and it could have scored higher if

Many companies have a credit card processor that dumps all the day’s deposits, less processing fees, into your bank account as one lump sum. If your business falls into that category, you’ll need to use the undeposited funds asset account to unravel it all. Sometimes funds are “in transit” for less than a day, as

Pricing also depends on a number of factors, including the plan and number of users you choose, payment frequency and any discounts that may be available at sign-up. The best accounting software includes all the features you need to maintain your daily books, whether it is double-entry accounting, a built-in chart of accounts or comprehensive

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This basic accounting equation “balances” the company’s balance sheet, showing that a company’s total assets are equal to the sum of its liabilities and shareholders’ equity. This formula, also known as the balance sheet equation, shows that what a company owns (assets) is purchased by either what it owes (liabilities) or by what its owners

An ordinary annuity may offer tax advantages, such as tax-deferred growth on the investment, which means that taxes are not paid until the money is withdrawn from the annuity. Many insurance companies will allow recipients to withdraw up to 10% of their account value without paying a surrender fee. However, if you withdraw more than