What Is the Accounting Equation Formula?
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Unearned revenue from the money you have yet to receive for services or products that you have not yet delivered is considered a liability. With Deskera you can automate...What is a Virtual Bookkeeper? Definition, Examples, & Costs
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With a virtual bookkeeper, businesses can enjoy the flexibility of outsourcing their financial tasks, ensuring that they can focus on core operations. Moreover, virtual bookkeepers use cloud-based accounting software,...FICA Tax Guide 2023: Payroll Tax Rates & Definition
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To calculate FICA tax, simply multiply gross earnings by 7.65%. Again, this percentage includes 6.2% toward Social Security and 1.45% toward Medicare tax. As an employer, you’re required to...How to set up QuickBooks Desktop to work from home
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Once you sign up, you’ll be able to use features that accommodate the type of business you own. Learn about the two ways on how to add customers in...Accounting for Small Businesses: A Comprehensive Guide to Financial Management
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This data reflects the financial situation regarding earnings, expenses, and other relevant information for wise decision-making based on this knowledge. You also need to look for a service provider...How and When Are Stock Dividends Paid Out?
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When a corporation declares a dividend, it debits its retained earnings and credits a liability account called dividend payable. On the date of payment, the company reverses the dividend...16 Best Bookkeeping Books to Read in 2023
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With practical techniques such as Susan Jeffers’ 10-Step Positive Thinking Process, this book can help readers overcome passivity and negativity, even on the most challenging days. “This is an...Accounts payable: A credit or debit?
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Hence, whenever a business buys items or raw materials from suppliers and creditors on credit, it owes them the corresponding amount. This would increase the balance of the account...Testimonials
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