If you purchase QuickBooks Online payroll, these forms may be included, depending on your chosen payroll plan. QuickBooks now offers a free small business checking account called QuickBooks Checking (formerly known as QuickBooks Cash). Opening a QuickBooks Checking account is free, with no monthly fees or account minimums. You can set up a free consultation [...]

Other costs that are not direct costs include rent, production salaries, maintenance costs, insurance, depreciation, interest, and all types of utilities. Thus, when in doubt, assume that a cost is an indirect cost, rather than a direct cost. The first step to in calculate the overhead to be allocated to each of two jobs based [...]

A short-term capital loss carryover, reported as code C, is reported on Schedule D (Form 1040), line 5. Net short-term capital gains are reported on line 5 of Schedule D (Form 1040) and net long-term capital gains are reported on line 12 of Schedule D (Form 1040). This box reports the beneficiary’s share of the [...]

Accounts receivable is listed on the company's balance sheet as a current asset. A common misconception is that the biggest accounts receivable challenges are related to late payments or high DSO. These are actually consequences of having poor AR management processes in place. The issue often lies internally and only you can fix this within [...]

But then find yourself in a position handling a significantly higher per month amount of bank accounts and transactions down the road. Since your agreement doesn’t specify what is and what is not included in monthly bookkeeping services, it’s hard for you to increase your price without potentially souring the relationship. The burden is on [...]