Bookkeeping

Our dedicated experts and easy-to-use tools make managing your money and paying the right tax effortless. At Counto, we understand that every business is unique, which is why we offer a range of tailored plans to meet your specific needs. Sign up for the Books+Taxes package if you’re dealing with years of overdue bookkeeping. Or, …

Affordable and Reliable Bookkeeping Services in Singapore Aura Partners Singapore Read More »

The subject could range from a reminder to get expense reports turned in by the end of the month, to the need to make a final sales push before the end of the quarter. A memo might also go to an outside group, such as customers, if it’s reporting on a routine matter requiring action, …

How to write a memo with templates and examples Read More »

If you’re using QuickBooks Online, you or your accountant can easily transfer all the needed tax information through a tax preparation program like TurboTax. Bookkeepers and accounting professionals using QuickBooks Accountant can simplify tax preparation through ProConnect, a professional tax management solution. What’s more, you can set up scheduled bill payments in QuickBooks using QuickBooks …

Video Tutorials Read More »

Bundle and Inventory tracking are only available with QuickBooks Online Plus and Advanced. You can also set up recurring invoices by clicking the Make recurring option at the bottom of the invoice window. You can download and get started after spending a couple of hours browsing through the different screens. To get the best possible …

Intuit QuickBooks Software Features Read More »

The income summary contra asset account is a temporary account where all the temporary accounts, such as revenues and expenses, are recorded. Debit income summary for the balance contained in the income summary account. For instance, a company with a $5,000 credit in the income summary account must debit income summary for $5,000. This entry …

Closing Entries: Step by Step Guide Read More »

Typically, double-entry bookkeeping uses accrual accounting for liabilities, equities, assets, expenses and revenue. Two of the most common are single-entry bookkeeping and double-entry bookkeeping. Since we live in the digital age, bookkeepers are expected to be tech-savvy or at least proficient with using various software. There are still some bookkeepers who prefer to use manual …

11 Key Talent Bookkeeping Skills And How To Assess Them Read More »

This unique aspect distinguishes Florida from many other states, making it an attractive destination for individuals and businesses. The absence of state income tax benefits personal income and influences the broader economic landscape, attracting new businesses and fostering a business-friendly environment. This policy impacts various financial planning and investment aspects, underscoring Florida’s reputation as a …

Lawsuit: JetBlue says Florida charged it too much corporate income tax Read More »

Recognizing these pitfalls is the first step towards avoiding them. This section highlights these common errors and offers solutions to prevent them. By understanding these mistakes, real estate professionals can ensure accurate financial reporting. Software solutions should be customizable to cater to unique real estate needs. Advanced software solutions offer features for customization and scalability. …

Comprehensive Real Estate Accounting Guide: From Basics to Advanced Read More »

California also has one of the highest sales tax rates in the U.S., especially on gasoline. The city of San Francisco levies a gross receipts tax on the payroll expenses of large businesses. Although this is sometimes conflated as a personal income tax rate, the city only levies this tax on businesses. Our in-house research …

California Income Tax: Rates, Who Pays in 2024-2025 Read More »

Your deposits must be made either on a monthly or semi-weekly schedule—an election you make before each calendar year. As an employer, you’re responsible for half of the FICA tax amounts for each employee. We know our way around financial statements, from preparing to analyzing. We also know what banks need when you may be …

Accounting and Bookkeeping Best Practices for Nonprofits Read More »