Best Practices for Organizing Business Receipts?
The task of organizing receipts or documents for income and expenses is at the back of the mind for most…
The 12-month Rule for Prepaid Expenses Explained
Businesses that use the cash basis of accounting record prepaid expenses at the time of payment. Under the accrual-based accounting…
All About Submitting Form 1099
The IRS requires that taxpayers report certain types of income in Form 1099. Some of the income that is reported…
Control Accounts for Small Business Owners
One of the most important parts of the double entry accounting method is the control accounts. The account is a…
Advantages of Professional Bookkeeping Services in Virginia
The Importance of Professional Bookkeeping Services in Virginia Efficient bookkeeping is a cornerstone of successful business operations, regardless of size…
7 Bookkeeping Mistakes Small Business Owners Must Avoid at All Cost
Bookkeeping is an accounting activity that needs to be accurate at all times. It should be without any errors. This…
5 Best Business Bookkeeping Software Reviewed
Accounting software helps streamline bookkeeping activity. Using accounting software reduces errors and speeds up the bookkeeping process. The transactions can…
What is the Relevance of Cost Accounting in Planning and Budgeting for a Corporation?
Cost accounting and budgeting are critical for every type of business. The accounting technique allows efficient utilization of resources for…
What are Some Effective Capital Budgeting Techniques?
Capital budgeting is a technique that companies use for appraising different products. The accounting and finance technique is used for…
Why Accounting Statements are Necessary for Investment Decision Making?
Financial statements are important for both business owners and also investors. The statements provide a lot of information about a…
