There is no magic number to know when you’re ready to take on a bookkeeper for additional support. Instead, it’s more of a holistic view of time, resources, and the ability to become more efficient that will make or break your decision. If you’re contracted as a bookkeeper, your client isn’t in charge of your…
To ensure more accurate handling of shipping cost sales tax, small businesses can leverage automation tools like Avalara Managed Returns. Automation can help you make sure you’re filing returns more accurately and on time. When it comes to sales tax on shipping costs, each individual state has its own requirements and the more states you…
Some of the biggest benefits of this business structure include access to funding, limited liability protections, and an unlimited lifespan. In terms of disadvantages, corporations are required to observe strict formalities and may be subject to expensive double taxation. The owner of any business entity, regardless of type, is held personally liable if the company…
Countingup accounting software is tailored to the needs of one-person businesses. Having a business current account and accounting software rolled into one app means you can manage all your finances from your phone. Designed with the smallest businesses in mind, Countingup has all the features you need to run your Etsy shop effectively. Bookkeeping for…
We partner with merchants like Gusto, Stripe, Shopify, and Square—so your finances are always accurate. Our team of pros is familiar with Colorado tax rules and will customize their approach to your business’ unique needs. Room Redefined is a rapidly growing, personalized organizational service located in Denver, Colorado. When you work with Sound Advice Bookkeepers,…
Perpetual and subscription licenses are the two most common pricing models for any automobile software system. In addition, this software can handle the routine operations of any size business from startups to corporates. Payment processing, invoicing, and protected auto repair shop bookkeeping customer authorizations and communications are all handled by this system. This gives you…
A music business manager holds a central position in shaping the trajectory and prosperity of musicians or musical groups. Their duties encompass a diverse array of responsibilities, ranging from negotiating contracts and coordinating tours to managing financial affairs and overseeing promotional initiatives. Acting as the intermediary between artists and record labels, agents, and promoters, music…
Both the aging and percentage of net sales methods, as well as other methods, are used in practice. But in reality, to remain competitive and foster growth, it’s essential to continue extending credit. Sandra Habiger is a Chartered Professional Accountant with a Bachelor’s Degree in Business Administration from the University of Washington. Sandra’s areas of…
At least not when you have Wave to help you button-up your books and generate important reports. Retained earnings appear on the balance sheet under the shareholders’ equity section. Net Profit or Net Loss in the retained earnings formula is the net profit or loss of the current accounting period. For instance, in the case…