The left side of the balance sheet, also known as a statement of net assets, illustrates the resources a nonprofit organization owns, which determine its financial position. When an organization uses its balance sheet for financial planning, it can assess if it is in a strong financial position. The nonprofit balance sheet is called a …
In the fast-paced world of business transactions, errors and discrepancies can occasionally occur. To maintain positive customer relationships and ensure accurate accounting records, businesses utilize a crucial document known as a credit memo. But what exactly is a credit memo, and how can you leverage it effectively? This blog delves deep accounting services for startups …
What is a Credit Memo? Definition and How to Create Read More »
Virtual, outsourced, and online are often used interchangeably when referring to bookkeeping and accounting. However, a virtual bookkeeper or virtual accountant can sometimes refer to accountants or CPAs who work out of their homes and contract out their services individually. In contrast, outsourced bookkeeping and accounting nearly always refers to accountants with an accounting firm who …
Best Virtual & Outsourced Accounting Services 2023 Read More »
But don’t worry—at the end of the day, take-home pay is the same, the only difference is frequency and size of paycheck. But the real reason employers run payroll with a certain pay frequency is slightly more complex than that. In a perfect world, semi monthly vs bi weekly employees would be able to choose …
Depending on the service you select, they may also pay bills, invoice clients, process payroll, and prepare your income taxes. The best online bookkeeping service should offer a wide range of bookkeeping solutions, including catch-up bookkeeping, invoicing, bill pay, bank reconciliation, payroll, and tax filing. Bookkeeper is one of the pricier business bookkeeping services on …
