Bookkeeping

8 posts

Hire a Bookkeeper

Nationally, the average hourly rate nationally for a tax prep professional ranges between $150 and $450. Yes, we provide services both online/remotely or in person (if in the local area). For remote/online we use zoom calls to conversate with the client and also where we can share information through screen […]

Royalty Accounting & Systems

Content Food for Thought (on Food and Beverage Licensing) Royalty Accounting Sample Clauses d Annual Licensing Summit in New York Accounting Entries See How MetaComet Can Help Your Royalty Management MCPS also collects and disburses mechanical royalties to writers and publishers in a manner similar to PRS. Although allied, they […]

Bookkeeping Double-Entry, Debits and Credits

Content How confident are you in your long term financial plan? Is double-entry accounting necessary? Original records (journal and subdivision of journal): How Double-Entry Accounting Works: Conversely, as liabilities are paid back, the balance on the account is reduced. Before computer software made double-entry bookkeeping easier for small companies, there […]

Ending Inventory 101: Formula & Free Calculator

Content Step 4: Add Purchases of Inventory Items How is the cost of goods sold classified in financial statements? Beginning inventory formula How to handle Inflation and keep your Business Afloat? Calculate ending inventory better with ShipBob and Cin7 Inventory management is critical for any business that sells products. NetSuite […]

Publication 946 2022, How To Depreciate Property Internal Revenue Service

Content Units-of-production depreciation method Personal Property Depreciable basis • Section 179 Deduction • Special Depreciation Allowance • MACRS • Listed Property In Brief: Detangling State Tax Conformity Capital Improvements Vs. Repairs And Maintenance Expenses [2023 Update] Larry’s deductible rent for the item of listed property for 2022 is $800. The […]

Controller vs CFO

Content Ramp: A CFO or controller’s best friend Key Differences in Salary Does Your Company Need a Controller or a CFO? Reporting A CFO can help your business grow in several ways, including: Controllers, especially those for larger companies, have a wider focus than simply accounting protocol. Many have a […]