According to the reports, a small Business should opt for virtual accounting services as soon as their profit margins start accelerating. Taking the report forward, it will be appropriate to…

Every business account must show the true digits; this can be achieved when they are reconciled properly. The business owner should ask the bookkeeper to undertake the account reconciliation process…

Reconciliation is a fundamental accounting process of matching and balancing two sets of records. This would mean that the money leaving the account is matching the money spent. This is…

What Is Federal Income Tax? To understand the meaning of the term Federal Income Tax, it is important to bifurcate it into the two important terms that make it. Doing…

Everyone wants to make sure that they have a comfortable retirement. And for this every individual needs to make some nondeductible contributions. These contributions should be made to an Individual…

Accounting has been around for just about as long as humans have engaged in trade and commerce. No matter what kind of business you have, you should have a system…

Accounting is an important part of an organization; a business has to manage the accounting aspect of it so that there are always accurate financial records. With the new trends…

Bank Reconciliation and Credit Card statements do not although guarantee your financial statements are 100% correct, it does eventually get you a lot closer! For instance, Record-Keeping all deposits as…