Bookkeeping

/Bookkeeping

What Is a Fixed Asset? Types and Examples

By |December 4th, 2020|Bookkeeping|

Fixed assets are typically presented in descending order of liquidity, with the most liquid non-current assets shown first. Fixed assets are long-term assets that a company owns, such as buildings, machinery, or vehicles, that help it produce goods or services. These assets are listed on the company's balance sheet and gradually lose value over time, [...]

How to Prepare Bank Reconciliation? A Step-by-Step Guide

By |November 24th, 2020|Bookkeeping|

This process involves matching the bank statement with the company's general ledger account balance, identifying discrepancies, and making necessary adjustments. Bank reconciliation is the process that helps you ensure your company's accounting records match your bank statements. It's a core account reconciliation and a https://www.bookstime.com/bookkeeping-services/lancaster way to double-check that the money you think you have [...]

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By |November 16th, 2020|Bookkeeping|

Business tax rules are complex, and you must make sure you meet filing deadlines or your business can face steep penalties. In addition there are myriad tax deductions your business may want to take advantage of, but you want to make sure you stay compliant. 1-800Accountant’s payroll experts work to make sure that the business [...]

How Much Will it Cost for an Accountant to Do My Taxes?

By |November 6th, 2020|Bookkeeping|

Whether it's planning for retirement or estate planning, a personal accountant assists in mapping out long-term financial strategies. You can find a good CPA by asking your family, friends, and colleagues for recommendations. In addition, the IRS publishes how an accountant can help a business succeed a list of tax preparers, and most states have [...]