Extending credit to customers allows them to purchase goods and services on credit and pay for them later on. Offering credit is often a win-win for both merchants and buyers. Customers have more purchasing power, and tend to buy more if they are not limited to cash they have at the time of the sale….
All Accounting Articles - Page 3
Intuit Payroll: QuickBooks Online Payroll Self Service vs Full Service
Intuit offers two options for adding payroll functionality to its QuickBooks Online accounting software. Self Service Payroll provides complete payroll functionality for businesses wanting to do payroll themselves. Full Service Payroll, by comparison, is an outsourced Intuit payroll online option in which accuracy is guaranteed. Both Intuit payroll online options fully integrate with QuickBooks Online….
Top 25 Bookkeeping Tips From the Pros
A solid bookkeeping system is an essential aspect of running a business. No matter how small your business is, you should make sure that your books are updated, accurate, and readily available, as it provides you with crucial information on your business’ financial standing. Check out these expert bookkeeping tips to help you along the…
How to Set Up QuickBooks Online in 15 Step-by-Step Lessons
Setting up the books for your small business can be quite overwhelming. Unless you have prior accounting or bookkeeping knowledge, you will need some help getting started with QuickBooks. Luckily, you don’t need an accounting background to complete the QuickBooks setup process; our step-by-step course was created just for QuickBooks beginners like you. QuickBooks offers…
6 Best Tax Software for Tax Preparers 2019
We compared over a dozen tax software programs and narrowed it down to six. Tax software is the core of a tax preparer’s business, and the best tax software for tax preparers includes preparing individual and business returns. Plus, tax preparers can work efficiently with accounting software integrations and collaborate using a secure client portal….
Independent Contractor Taxes: How Much to Pay & When to File
Independent contractor taxes include federal income tax, self-employment tax, state and municipal taxes. Independent contractors who are sole proprietors report taxes on Form 1040 and Schedule C. Taxes are due on April 15 or October 15, if filed on extension. Independent contractors are required to make estimated tax payments or with the tax return. This…
7 Best Online Bookkeeping Services 2019
Online bookkeeping services help small businesses manage their bookkeeping, payroll, and tax needs. Whether you want to maintain some responsibility or outsource everything, we’ve done the legwork for you and found a mix of the seven best services with a proven track record. Read on for reviews of these online bookkeeping services. Top 7 Bookkeeping…
4 Best Xero Competitors in 2019
While Xero remains one of the best accounting software options for small business, there are plenty of Xero competitors that might be a better fit for you, whether you need a more affordable or easier-to-use solution. We look at some of the big names in accounting and bookkeeping to help you find the best choice….
Small Business Tax Rates: How Much Businesses Actually Pay in Taxes
Based on an SBA study, small businesses pay an average tax rate of 19.8%. The actual tax rates that apply to small businesses vary significantly based on business entity, income, deductions, tax credits, and rates in effect for the year. Small C-corporations have the lowest average tax rate at 17.5%. Bench, the sponsor of this…
Find Bookkeeping Services for Your Small Business in 6 Steps
Selecting the right small business accounting services will require you to invest some time. Finding the best bookkeeping services for small businesses requires six key steps: identifying your needs, deciding what tasks to keep, getting referrals, deciding between a virtual or local firm, identifying quality candidates, and asking the right questions. Bench, the sponsor of…
How to Set Up Xero – Step-by-Step Instructions
Bookkeeper is one of the many hats small business owners wear. If you’re like most small business owners, you probably don’t have an accounting or bookkeeping background. That’s why you need accounting software program like Xero that’s easy to use. Our free Xero training courses will help you get your busy setup in no time….
6 Best Accounting Software for Freelancers 2019
The best small business accounting software for freelancers should include invoicing, payment collection features, and expense tracking. Powerful time tracking and project tracking are two key components we used in our assessment and tools to facilitate getting paid faster. We looked at several accounting software products and narrowed it down to our top six. Top…
