Рубрика: Bookkeeping

Positive cash flow can keep a small business’s operations thriving. However, a business owner must ensure the timely delivery of products to its consumers to keep transactions steady and drive customer retention. This is why it is crucial to recognize unearned revenue as a liability, not as revenue. On January 1st, to recognize the increase in your cash position, you debit your cash account $300 while crediting your unearned revenue...

ContentWhy "Free" Tax Software Might Not Be Free For Most Student Loan BorrowersCan I claim the deduction for interest paid on private student loans?Credit AmountCan I claim the deduction on credit card debt?Student Loan Interest Deduction Each state has its own rules, but your tax preparation software or a tax professional can help you sort them out. You can deduct up to $2,500 in student loan interest payments from your...

ContentThe basics of an owner’s drawSalary method vs. draw methodHow Much to Take From Your BusinessWhy Take a Salary? When deciding what to pay yourself, you’ll want to take into account your expected profit and expenses. As your circumstances change, you can always give yourself a raise or take a pay cut if needed. At year end, the partnership will file a Schedule K-1 that reports the business’s profits, losses,...

ContentHierarchy And Salary Structure Of Pwc NigeriaThoughts On the Big Four: Salaries And Levels In Kpmg, Pwc, Deloitte And EyShow Article References#hide Article ReferencesCommon Big 4 Interview Questions Kpmg, Deloitte, E&y, PwcListen To This ArticleCorporate CultureEy Consulting Salary And Career Offers Nonetheless, Big 4 firms are also respectable career launching pads – offering the same kind of exit opportunities as MBB, although the quantity and quality are usually lower. The...

ContentAMZ ACCOUNTANTThe Best Bookkeeping for eCommerceWhy You Should Hire A Specialist Ecommerce BookkeeperSUPPORTSix ecommerce bookkeeping best practicesServices Your net profit is going to feed into both your balance sheet and your cash flow statement. Luckily, Shopify provides an invoice, so you can see the itemized platform fees and shipping fees in your account for every month. What a good accountant would do, like us at Kruze, is we go into...