Категория: Bookkeeping

So for example there are contra expense accounts such as purchase returns, contra revenue accounts such as sales returns and contra asset accounts such as accumulated depreciation. In accounting, a debit balance refers to a general ledger account balance that is unearned revenue on the left side of the account. Since the purpose of the…

Some common accounting periods are a calendar year (January 1 through December 31) or a calendar quarter (January 1 through March 31). It’s crucial to pinpoint the start and end dates, figure out the taxable income, and align with any prorating required for the abbreviated year. Remember, the aim is to report and pay taxes…

Experienced tax accountants like us can maximize deductions for your business because of knowledge on how the Federal and State tax regulations apply to businesses in your industry. Choose a local Chicago bookkeeper to handle your accounting & financials. Wiggs CPA Tax & Accounting helps businesses across Illinois and the United States, but our core clientele are right…

You need to choose a platform you’re eligible for and be organized to realize your financial goals. There are two types of crowdfunding methods that require financial repayment. These are loans from a group of investors who come together to fund a certain business or individual. These loans can range in size depending on the…