• Basics of estimated taxes for individuals Internal Revenue Service

    If you use tax prep software or have an accountant do your taxes, your return from the prior year may come with estimated tax payment slips that tell you what you should pay. If you do need to pay quarterly taxes, it’s important to pay on time to avoid late[…]

  • Gross Margin: The Formula and How to Calculate

    Suppose we’re tasked with calculating the gross margin of three companies operating in the same industry. Profit margin can also be calculated on an after-tax basis, but before any debt payments are made. There is a wide variety of profitability metrics that analysts and investors use to evaluate https://www.quick-bookkeeping.net/delete-the-opening-balance-equity-into-qb-online/ companies.[…]

  • A guide to owner’s equity: definition, examples, and calculation

    In a company where owner A has a share of 70% and owner B, a share of 30% and total business equity of $200,000. Owner A will receive 70% of the total business equity ($140,000), while owner B will receive 30% of the total business equity ($60,000). Your business’ equity[…]

  • Cash Flow Statement Explanation

    In the case of a trading portfolio or an investment company, receipts from the sale of loans, debt, or equity instruments are also included because it is a business activity. Hello, I am wondering why taxes of $8 were not deducted from the cash flow via the operating cashflows to[…]

  • What Is Sales Tax? Definition, Examples, and How It’s Calculated

    In the US and the District of Columbia all states except Alaska, Delaware, Montana, New Hampshire and Oregon impose a state sales tax when you buy items or pay for services. Alaska however does allow localities to charge local sales taxes as do many other states. This level of accuracy[…]

  • Bookkeeping Adjusting Entries, Reversing Entries

    The Ascent, a Motley Fool service, does not cover all offers on the market. And, as we’ve seen in many Hollywood films, bad things happen when you try to mess with the past. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university[…]

  • Cost of Goods Sold COGS Formula + Calculator

    A manufacturer of bookshelves, for example, would include direct costs such as wood, fasteners, coatings and the labor of the employees that cut the wood and assembled the shelves. It might also include factory rent, factory utilities and costs for delivery of https://www.bookkeeping-reviews.com/ wood and other materials. Costs such as[…]

  • Marketable Security: What It is, How It Works

    Security  is a type of financial instrument that holds value and can be traded… Securities markets are the foundation of the global financial system and are essential for the efficient allocation of capital around the world. This website is using a security service to protect itself from online attacks. Levels[…]

  • Finished Goods Inventory Formula, Calculation & Examples Lesson

    The finished goods inventory formula helps in accurately reporting the value of inventory on a company’s balance sheet. It is crucial for investors, analysts, and stakeholders to assess the company’s financial health and liquidity. As savvy business owners and supply chain management enthusiasts, payroll fraud it’s crucial to understand the[…]

  • Bookkeeping, Payroll, and Tax Preparation Services in the DFW area

    For clients in need of an established firm with a wide suite of services, Preston & Dake could be a great fit. Located in nearby Carrollton, Texas, Perfect Balance Bookkeeping understands how necessary it is for a company to keep up with accounting. Falling behind with your books makes bookkeepers[…]


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