In the gross method, we normally record the purchase transaction at a gross amount. These retailers can usually receive a discount for paying in cash since the manufacturers and wholesalers don’t want to have outstanding accounts receivable. Some suppliers offer discounts of 1% or 2% from the sales invoice amount, if the invoice is paid […]
Once in place, it will not only help you ensure your original estimate was correct but confirm you’ve accurately captured the scope of the project based on what you’ve bid. And we’re here to not only help you make ends meet, but also help you achieve financial freedom by pointing you in the right direction […]
Outsourcing accounting for LLC can offer benefits such as cost savings, access to professional expertise, and reduced workload. By hiring a third-party service like Profit Line, the company can focus on core business activities while ensuring that financial records are accurately maintained. For example, using cloud-based accounting software allows LLC owners to access real-time data […]
Some material covers the offering of the ADP Pay-by-Pay Premium Payment Program. All insurance products will be offered and sold only through Automatic Data Processing Insurance Agency, Inc., its licensed agents or its licensed insurance partners. ADP’s Pay-by-Pay is a payroll enhancement feature of ADP’s payroll processing services. ADPIA® licensed agents have been helping companies […]
This is another common real estate bookkeeping mistake you need to avoid. When you merge your business bank accounts with personal accounts, you will face lots of problems managing your financial investment. Being a real Certified Public Accountant estate property manager means going through complex financial stuff. You must also consider tax filings, which you […]
The use of checks allows two or more parties to make a monetary transaction without using physical currency. Instead, the amount for which the check is written is a substitute for physical currency of the same amount. Cash at the bank will be added back to balance sheet as the actual cash is not yet […]