Bookkeeping-Accounting-Taxation-Audit

  Accounting Software Can Be a Great Financial Management Tool:- Almost all small business owners love to save money by doing things themselves. Using small business accounting software is one way you can do that. Nearly all accounting software vendors have moved their products to the cloud and offer online subscription-based services ranging from basic to advanced in features and price. For around $10 per month vendors such as FreshBooks and Zoho offer starter packages suitable for freelancers and sole proprietorships, including invoicing, expense tracking, and simple reporting. Different Packages for Larger Businesses Businesses that are incorporated or have employees typically need more advanced accounting packages such as Busywin, QuickBooks, and Sage 50 that can perform double-entry accounting, which includes Accounts receivable, Accounts payable, and General ledger capabilities. Other features available in more advanced offerings include payroll, multi-user access, currency c...

Believe it or not, there are several reasons why blogs can help accounting students throughout their studies. The truth is blogs can offer students inside knowledge of what to expect when studying for a certain degree, as told from the professional’s perspective. An informative blog can reveal what it is like to   work   in a certain field—and that includes the problems that a professional might encounter along the way. Plus, blogs can offer tips that will further the understanding and education of students. Accounting students, are you ready to learn? The following are Florida National University’s (FNU) top accounting blog choices: 1. Don’t Mess with Taxes Behind the cute name, fun template, and the larger-than-life name is a blogger with a goal: to clear up any confusion related to taxes, tax code changes, and the like. On a weekly basis, this blogger provides step-by-step tax tips to help ensure that readers, accountants, and business owners file on time with a few difficu...

  Setting up the payroll at your business? Learn how you can save time and money while staying in compliance by answering these key questions. With so many online payroll services available, setting up payroll seems like an easy item to check off your list. However, you need to answer several key questions before setting your payroll schedule. Let's take them one at a time. Do You Pay Your Employees a Salary or an Hourly Rate? Typically, salaried employees get paid  semi-monthly  (for example, on the 15th and on the last day of each month) and hourly employees get paid  biweekly  (every two weeks). That might sound like the same thing, but it's not: "Semi-monthly" means twice a month, or 24 times per year. "Biweekly" means every two weeks or 26 times per year. While salaried employees typically earn the same amount each semi-monthly period (and usually aren't required to submit timesheets), businesses generally choose to pay hourly staff biweekly because...