Chuyên mục: Bookkeeping

• What Is Form 941 & When Must It Be Filed

  by: Min ad Bookkeeping 0 2025-01-27 10:10:34

  If federal income, social security, and Medicare taxes that must be withheld (that is, trust fund taxes) aren’t withheld or aren’t deposited or paid to the United States Treasury, the trust fund recovery penalty may apply. The trust fund recovery penalty won’t apply to any amount of trust fund taxes an employer holds back in […]

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• What is Standard Costing?

  by: Min ad Bookkeeping 0 2024-12-18 02:06:29

  Further, some of the finished aprons don’t pass the final inspection due to occasional defects not detected as the aprons were made. Note that the entire price variance pertaining to all of the direct materials received was recorded immediately (as opposed to waiting until the materials were used). At the beginning of the year, the […]

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• What is a True-up Entry With Examples

  by: Min ad Bookkeeping 0 2024-10-23 08:44:30

  Hence, there is a need to make corrections in the accounting record and present true balances for the financial statement. This helps to enhance the element of reliability on the financial information. Accounting has evolved to be complex for providing comprehensive insights to the user of financial statements. The objective of improving financial reporting is […]

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• How to calculate the gain or loss from an asset sale

  by: Min ad Bookkeeping 0 2024-09-24 08:33:04

  ABC Company has a machine that originally cost $80,000 and against which $65,000 of accumulated depreciation has been recorded, resulting in a carrying value of $15,000. The net effect of this entry is to eliminate the machine from the accounting records, while recording a gain and the receipt of cash. Finally, any gain or loss […]

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• Professional Bookkeeping Services

  by: Min ad Bookkeeping 0 2023-02-22 09:58:39

  With professional bookkeeping services, you’ll have clear financial insights, save time, and be prepared for whatever comes next. We’ve helped hundreds of small businesses take control of their finances. With years of experience and a passion for helping entrepreneurs, we’re your trusted partner for bookkeeping success. Trained accountants and bookkeepers manage financial complexities and offer […]

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