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 [...]

Chargebacks and fraudulent activity are not concerns that merchants worry about when using check processing procedures to accept payments. In ACH transfer contrast to credit card use, check processing has a much lower chance of these risk factors. Once you’ve picked a payment provider, set up your account, and let customers know you prefer ACH [...]

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 [...]

ACH direct deposit transaction value increased nearly 5% from 2021 to 2022, demonstrating the growing appeal of ACH debit transactions across business sectors and customer segments. As new digital payment technologies are developed, the ACH network’s role in supporting a variety of financial transactions remains steady, reflecting its importance in modern payment systems. ACH debit [...]

We provide everything from online bill paying and cloud accounting solutions to tax planning and practice management strategies to keep your practice financially strong, healthy, and profitable. To meet these particular demands, Accounts Junction offers customised bookkeeping and accounting solutions. We provide services like general ledger management to maintain accurate records of all financial transactions [...]