Bookkeeping

While the income statement does a good job at providing information about the restaurant’s financial happenings over a period of time, it’s not enough on its own to properly understand the restaurant’s performance. An income statement does not include the assets restaurant cash flow and liabilities owned by a restaurant, and thus, does not provide […]

Content Negotiate Credit Card Interest Rates Subtract Your Expenses From Your Income Envelope Budget Review Spending How can I use my budget? What is a Budget? Operating Without a Budget Thus a large administrative effort is needed in the accounts department each time a rolling budget is prepared, to keep the accounting records up-to-date. Unlike […]

Content Catching Clouds QuickBooks Live Your business isn’t bookkeeping. But ours is. Let us take care of it for you. Compare runner-up bookkeeping service features Ignite Spot Accounting: Best reporting It prepares financial records to help you track your revenues and expenses. Accounting firms help you with your long-range planning with cash flow projections and […]

Content Tax Implications of a Dividend Example of qualified dividends in action Qualified Dividend Tax Benefits Investment and Self-employment taxes done right Qualified Dividends: What They Are & How They Work Why Are Qualified Dividends Taxed More Favorably Than Ordinary Dividends? Taxes done right for investors and self-employed Motley Fool Returns Both dividend types are […]

One invaluable feature is getting alerts for critical dates related to your leases, such as reminders about renewals, payment changes, terminations, etc. Having the ability to build customized reporting for lease management purposes like tracking cost per square footage or annual payment information is also an important https://accounting-services.net/how-to-do-bookkeeping-for-startup/ feature when evaluating software. Topic 842 offers […]

Content Special Rules for Depreciable Property THE NATURE OF A LIKE-KIND EXCHANGE Exchanges for Airbnb, Virbo (ie) short term rentals, and Vacation Homes What type of real property qualifies for a 1031 exchange? Business development Can You Do a 1031 Exchange on a Principal Residence? Personal Property Not Qualified for Like-Kind Exchange For example, the […]