Bookkeeping

To help with your marketing strategy, we’ve developed a practical marketing toolkit for tradespeople. It’s full of examples, tips and tactics to help you successfully market your trade business. Word-of-mouth is still key – and it’s arguably one of the few marketing strategies you can implement for free. Start sharing HVAC Bookkeeping your business in person and online with your

Saiba mais

While it has a range of tools, including online rent payment, vacancy posting, and maintenance requests, AppFolio may end up being a lot more muscle  than the typical rental property owner needs. As a result, it may not be economical for independent landlords who self-manage their properties. The best property management software includes tracking rent, scheduling maintenance and repairs, screening

Saiba mais

Go to IRS.gov to see your options for preparing and filing your return online or in your local community, if you qualify, which include the following. The exemption for writers, photographers, and artists also applies to an expense of a personal service corporation that directly relates to the activities of the qualified employee-owner. A qualified employee-owner is a writer, photographer,

Saiba mais

In short, they investigate and explain the “why” behind the figures reported. But financial accounting requires the utmost accuracy, and you should only outsource to expert professionals after careful planning. Besides, professional accountants and financial experts in these companies can speak fluent English and have great work ethics. Check out our starter’s guide on outsourcing to India to understand the

Saiba mais

Common labor costs that you are capitalized include architects and construction contractors. Items that would show up as an expense in the company’s general ledger include utilities, pest control, employee wages, and any item under a certain capitalization threshold. These are considered expenses because the value of running water, no bugs, and operational staff can be directly linked to one

Saiba mais

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We’ve already hit on a few accounting features that set Wave apart, but there are a

Saiba mais

Lastly, you want to look for a bookkeeper that will also calculate your tax estimates. As an owner-operator, you have to pay quarterly tax estimates based on your profit. If your bookkeeper also calculates your tax estimates, they are able to use your P&L statements throughout the year to let you accurately know how much your estimated tax payments should

Saiba mais

The income statement and balance sheet can also be used to calculate FCF. Your business can be profitable without being cash flow-positive—and you can have a positive cash flow without actually making a profit. Usually payments and transfers result in costly conversion rates – one of the many cash flow problems faced by international businesses. Having a clear understanding of

Saiba mais

The first is to post a receipt in the Receipts & Payments tab to Fixed assets, at cost and the specific asset’s subaccount prior to recording disposal. This reduces the purchase cost balance, decreasing any loss on disposal. Such a receipt would show up in the Consideration received column. The second method is to post the transaction to Fixed assets

Saiba mais

It is listed as an expense, and so should be used whenever an item is calculated for year-end tax purposes or to determine the validity of the item for liquidation purposes. Subsequent years’ expenses will change as the figure for the remaining lifespan changes. So, depreciation expense would decline to $5,600 in the second year (14/120) x ($50,000 – $2,000).

Saiba mais