Be clear about potential fees for things like edits or late payments. If the initial conversation about the work request was done informally in a conversation or over text message, send a follow-up documenting the agreement and specifying your pricing. Your client could be dealing with multiple freelancers, so make sure you are clear in…
Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. Every time a transaction takes place—whether you’re moving money, cash, or credit—you need to enter it into the Transaction sheet, in its own row. By default, the…
With the uncertain nature of the real estate business, you can use your OPEX to identify predictable costs related to your company. This delineation can prevent confusion, while helping you to manage each aspect of your business individually. With cash-based accounting, you record income only when the cash hits your account. You also only record…
It is mainly provided to increase the volume of sales attained by a supplier. In some cases, the same product or transaction may be part of two separate discount deals. When this occurs, it’s crucial to determine which deal the transaction belongs to in order to calculate the correct discount. Mathematics of Finance 10 vehicles were…
Accountancy & Taxation Services helps clients with day-to-day business transactions such as customer payments, bills, invoices, bill payments, disbursements, and withdrawals. https://www.bookstime.com/ The company has serviced over 3000 businesses and sole proprietors. Although seemingly similar, for-profit and nonprofit accounting processes differ in many ways. CFO Services A nonprofit reconciles bank accounts by comparing the recorded…
Estimated tax payments should be made as income is earned, and the IRS collects them quarterly. These dates don’t coincide with regular calendar quarters, though. However, if your income is received unevenly during the year, you may be able to avoid or lower the penalty by annualizing your income and making unequal payments. Use Form…
C-corp shareholders are also taxed on the dividends they receive from the company, and they receive personal liability protection from business debts and litigation. Ownership for this type of corporation is divided based on stocks, which can be easily bought or sold. A C-corp can raise capital by selling shares of stock, making this a…
Direct Costs can be traced back to its specific product offerings, whereas Indirect Costs cannot as these types of costs are not directly tied to production. With the ABC system, you can allocate your overhead costs to certain activities, and thus products, to get a more specific picture of your cost by product. Sure, you…
Many bookkeeping companies offer various service packages tailored to different business needs. These packages may include basic bookkeeping, payroll processing, tax preparation, and financial reporting. In addition to these comprehensive services, AEC offers free consultations for clients wanting a low-stakes introduction. AEC stands out for its strong commitment to customer service, a core value that…
Expect to pay on the higher end if you need the new cards expedited to you, too. If your checking account ends up in the negative, your bank will likely cover the difference for you. Basically, almost any kind of bank account comes with a monthly fee. They typically range anywhere from about $4 a…