On the last article, we talked about the definition of Account Receivable and its importance to business. Subsequently, Accounts Receivab...

Most businesses sell to their customer on credit. That implies, they sell and deliver goods or services quickly, send an invoice, then ge...

Inventory Companies that are in the manufacturing and selling of physical goods industry are required to record Inventory as an ASSET in ...

A Balance Sheet gives you a financial snapshot of the company as of the specific date. It calculates how much the company worth (its equi...

Have you ever wondered why you should find a professional bookkeeper? As US Small Business Administration states, “half of all new small ...

At the end of every month, it is time for you to reconcile your trust bank account. This lets you confirm that your transaction records a...

With regards to dealing with your client’s trust accounts, it is critical that your law firm has the correct processes and practices esta...

On June 5, 202, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law. The PPPFA makes a handful of significant cha...

Every tax season, it is moment of truth about whether the company book is ready to go. But how do we know that company's book is ready?

It is not at all unusual for attorneys to handle client trust account. Nearly every lawyer will hold client funds. The money in a trust a...

Accounts Payable 101 Basically, Accounts Payable is the money your business owes. Your business needs lots of things to be in business: i...

We all have bad money habits. It’s the fact of the matter – we are just human. As business owners, unfortunately, we likely learn money f...

Due to Covid-19 crisis, the never-ending tax season now has postponed and extended its deadline to July 15. Taxpayers have approximately ...

What is Cash flow statement? Cash flow statement also referred to as Statement of Cash Flows is one of three main financial reports that ...

Have you ever use the functions of creating invoices or bills either in Quickbooks? At the moment we created the invoices and bills, Acco...

New Sales and Use Tax Rates Operative July 1, 2020 The tax rate changes listed below apply only within the indicated city or county limit...

As a business owner, you sure can do your own bookkeeping, Just make sure it’s consistent habit. It’s just like: doing laundry every week...

Now, we hope that you have received PPP funds to support the business. It is time to think about what you should do after receiving the m...

Review the Requirements of PPP Congratulation! You got PPP loan for your business. Before using, let’s review all the requirements to mak...

Many business owners believe that just because there is a line item on the tax return for meal deductions that just about any dinner or t...