Content Avoid these bookkeeping mistakes as a small business owner How to calculate the QBI deduction Tax and accounting regions How To Get the Qualified Business Income Deduction (QBI) Who can take the pass-through deduction? What does “unadjusted basis of qualified property” mean when calculating the QBI deduction? Maximizing your business travel tax deductions And […]

Content Nonprofits Frequently Asked Questions about MHR Consulting – Accounting & Tax View Other Job Salary at Non Profit Professionalism: Record Keeping Requirements for Nonprofit 501(c)( organizations Carlsbad Chamber After all, where there is income and expenditure, there must also be accounting. Without accurate bookkeeping and cash flow monitoring, businesses and non-profits run the risk […]

Content Learn How NetSuite Can Streamline Your Business Gross Margin Ratio Gross Profit Margin Ratio Example How the NetHunt CRM team uses NetHunt CRM for outbound sales What is outbound sales? The higher the gross margin, the more revenue a company has to cover other obligations — like taxes, interest on debt, and other expenses […]

Content Tips for self-accounting your startup What Financial Records Should A Startup Have? Why FinancePal Is a Trusted Accounting Solution for Startups Cash vs. Accrual Accounting Startup bookkeeping FAQ But it’s critical that you’re comfortable with the finances supporting your business, if only so you can make strategic operational decisions as time goes on. Learning […]

For example, Pet Smart manufactures Great Choice squeaker balls in large batches and collects cost data through a process costing system. A process costing system is often used to trace and determine production costs when similar products or services are provided. The concept and mechanics of a process costing system are addressed in Process Costing. […]

Content How to start an accounting firm: Your checklist for successfully starting a firm How Much Do Bookkeeping Services for Small Businesses Cost? What kind of services do bookkeeping services provide? Starting your own accounting business sounds like a lot of work. Why would I want to start an accounting firm? Our Award-Winning Cloud-Based Remote […]

Content What is the difference between gross income and annual net income? How to Calculate Gross Income How to calculate annual salary Why is annual income important? Now, you must determine whether you will calculate annual income by hour, day, week or month. For example, say you want to know how much money you’ll make […]