Category: Bookkeeping

  • Dead Stock Inventory: Definition, Examples, & How to Avoid

    Shortages, which are often drowning in excess inventory, are instantly detected in the case of so-called continuous flow. Unfortunately, when “hoarders” come to the fore, that’s when everything looks like the iceberg diagram below. Downtime, failures, poor work organization or defects hidden beneath the surface go unnoticed. By following these tips, businesses can minimize inventory…

  • Online Bookkeeping Services for Small Businesses Bench Accounting

    Your Bench Tax Advisors are available year-round, and will answer your questions in two business days or less. We’re still on hand to support you, and can give recommendations based on your unique business needs. At tax time, we send everything you need to file. Or, let us handle the year end prep and filing…

  • Double declining balance method: Formula and examples

    The DDB depreciation method is best applied to assets that lose value quickly in the first few years of https://www.bookstime.com/ ownership, such as cars and other vehicles. However, it may also apply to business assets like computers, mobile devices and other electronics. At the beginning of the first year, the fixture’s book value is $100,000 since…

  • How to Prepare for a Financial Audit

    In 1934, Congress commissioned the SEC as the regulatory agency for auditing requirements and standards. The Act does not require smaller public or private companies to have an integrated audit — in general, these institutions only need audits of their financial statements. A small public company or a private company may want to have an…

  • The 10 Best Accountants in Sunnyvale, CA with Free Quotes

    It caters to individuals, businesses, and organizations and is focused on tax, payroll, sales tax, business consulting, bookkeeping, and insurance. Additionally, it is led by Bishnu Kark, a retired undersecretary of the government of Nepal, a Certified Insurance Agent, and a Registered Tax Preparer since 2009. Asnani CPA tax planning and preparation, payroll, and accounting/bookkeeping…

  • Best bookkeeping software for small businesses

    She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University. The cost is slightly higher for American Express (3.4% plus 60 cents per transaction). Whether you’re a freelancer, small business owner, or accounting professional, there’s sure to be an option on this list that suits your…