Bookkeeping

02 Dic Get Cash Out of Your Business With an Owner’s Draw

Posted at 09:49h in Bookkeeping

Contents:What is Owner’s Drawing?Other considerations for paying yourself as a business ownerStep #4: Understand tax and compliance implicationsHow Often Can You Take an Owner's Draw?Understanding the Difference Between an Owner’s Draw and a Salary If you decide the Limited Liability Corporation company structure is right for...

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09 Jun Adjusting Journal Entry Definition: Purpose, Types, and Example

Posted at 11:28h in Bookkeeping

Contents:Accrued ExpensesStep 3: Recording deferred revenue10 Adjusting Entry – Examples In a periodic inventory system, an adjusting entry is used to determine the cost of goods sold expense. This entry is not necessary for a company using perpetual inventory. A third classification of adjusting entry occurs...

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04 Jun Employee Turnover: Is it important?

Posted at 11:02h in Bookkeeping

ContentSolutions for Product ManagementEmployee turnover: DefinitionWhy is it so costly to replace employees?Elicit and respond to employee feedback.Who is responsible for employee turnover?Hiring Resources If you’re concerned about a high employee turnover rate, first identify resignation causes. If your employee turnover rate is high, the very...

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03 Feb Best Business Accounting Software Services

Posted at 06:05h in Bookkeeping

ContentZoho ExpenseClarity with custom accounting reportsBest Small Business Accounting Software Picks (What Is Accounting Software? The intuitive payment portal of DocuPhase provides solid support to cash flow, reporting, and reconciliation. Flexible customer payment options also form part of the AR automation feature. The AvidXchange platform...

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