What is a payroll expense? A guide to payroll expenses Article

Content What are payroll liabilities? Definition and types – QuickBooks How to Process Payroll in QuickBooks Online – Universal Class What Are Payroll Expenses In Quickbooks? Business Line of Credit: Compare the Best Options Manage payroll expenses When it comes to managing your business, payroll is an integral and time-consuming task. Small businesses that use […]

Units of Production Method Formula + Calculator

A change in the estimate does not impact depreciation that has already been recognized. Therefore, a change in estimate does not alter the financial statements for prior periods. If we assume that in 2021, a total of 20 million units were produced, we can arrive at the depreciation expense by multiplying our units of production […]

Bank Reconciliation: Connect QuickBooks to your Bank Account

QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank. If you see the following message, just select Reconcile an account. Click here to read our full review for free and apply in just 2 minutes. If you’re on a Galaxy Fold, consider unfolding your phone […]

What Are Chart of Accounts? How It Works, Setting up & Pros

This information is generally represented in the order by which the accounts are represented on the company’s financial statements. Manually tracking every bit of income and expense can be daunting, especially if you’re just starting out and don’t have a separate bookkeeper yet. Automated tools like expense management software can create essential documents, including charts […]

What Are Chart of Accounts? How It Works, Setting up & Pros

This information is generally represented in the order by which the accounts are represented on the company’s financial statements. Manually tracking every bit of income and expense can be daunting, especially if you’re just starting out and don’t have a separate bookkeeper yet. Automated tools like expense management software can create essential documents, including charts […]

What Accounts Receivable AR Are and How Businesses Use Them, with Examples

Businesses provide the service and then invoice the client, and then the client later remits their payment (receivable). Furthermore, accounts receivable are current assets, meaning that the account balance is due from the debtor in one year or less. If a company has receivables, this means that it has made a sale on credit but […]

QuickBooks Online vs Desktop: Which Is Better For Field Service Business?

She thought I was spending more time playing with quickbooks than I was in Facebook. If I like quickbooks that much, why don’t we make some money out of it. In the beginning we had an image of a traditional accounting firm. The main difference between QuickBooks Online and QuickBooks Desktop is that QuickBooks Online […]