Bookkeeping

Non-exempt employees are entitled to overtime pay under the FLSA, while exempt employees are not. States such as California, Massachusetts, […]

Not only do you and your employees need to feel comfortable using the system but so do clients and subcontractors

This method is particularly useful for long-term construction projects spanning multiple accounting periods, as it provides a more accurate representation

Essentially, it is a huge compilation of all transactions recorded on a specific document or in accounting software. The accounting

Closing the books also locks in the prior period transactions so people can’t change those balances without proper authorization. After

A bank reconciliation statement is produced after comparing the cash balance on a balance sheet to the corresponding balance on

It’s recommended a business with a high number of cash transactions reconcile more frequently to avoid mistakes. The entries in

Businesses registered for GST can claim back the GST on goods and services purchased for business use. Businesses can equity

To find out the GST from the total, you simply have to multiply the total amount by the applicable GST

The Revenue section shows that Microsoft’s gross margin, also known as gross (annual) profit, for the fiscal year ending June