Accounting & Bookkeeping Experts

  QuickBooks Chart of Accounts is a list of accounts that help to categorize assets, owner’s equity amount, income, and liabilities. Most importantly, the Chart of Accounts is the broad list of the company’s balances and accounts. It helps you in telling how much money your firm has, money it owns, the amount of money that you currently have. The chart of accounts proffers the outline of the basic financial reports in one place. The organized chart of accounts gives you a correct snapshot of how your company is performing and how it is spending and receiving money.   QuickBooks chart of accounts   is the backbone of the accounting system and this is the main reason as to why you should know how it operates. Now, before going through the steps of setting up the accounts, let’s have a brief overview of the different types of Chart of Accounts. Types of Chart of Accounts in QuickBooks These are the types of accounts that help you to keep your business accounting error-free a...

  QuickBooks sales tax   assists you in collecting taxes for definite services and goods. It will help you to retain a correct record of the taxes so that you can effortlessly monitor and send them straight to the tax-collecting agency. The sales tax report can create tax, calculate tax, and track sales tax more conveniently. Along with this, sales tax items are used to recognize the rates charged to the customers. This blog will guide you with the right steps to add a tax rate and agency, add a combined tax rate, edit a tax rate, and configure sales tax settings. To start with, first of all, let’s learn things that you need to keep in mind before setting up QuickBooks sales tax. Before you set up your sales tax In the beginning, you need to check the sales tax requirements. It is a must to know the agency you paid taxes. How to Set up Sales Tax in QuickBooks? To set up sales tax in QuickBooks Online will help you to discover the right method to add a tax rate and agency. Alon...

  As per the latest news,   Intuit   has recently introduced the   QuickBooks Live Bookkeeping  service for QuickBooks users. The service helps you to connect with live QuickBooks-certified Bookkeepers. Bookkeeping service is a monthly subscription service for small-business. Role of QuickBooks Live The experienced live Bookkeepers ensures that the records of Bookkeeping are up-to-date and accurate. Also, the service gives confidence to its users that their books are working in the right manner and they can focus on their other tasks related to business. It provides confidence to small businesses by allowing them to focus on different aspects of the business. Reliable Bookkeeping Services for Small Businesses The service will help you out in handling only Bookkeeping and it won’t assist you in payroll support. In addition, if you are a QuickBooks user or owner of your startup business, then the service will be beneficial to you in handling Bookkeeping. Assistanc...

  Sage accounting software helps in managing business-related accounting operations. Also, it assists in handling the payroll and evaluating the taxes of the employees. You can easily handle numerous transactions of your businesses. Key people – Mike Lorge, Managing Director Founded – Established in 2006 Headquarter – Sydney, New South Wales Undeniably, money makes the world and your business depends on the same. It means that a business’s wellbeing depends completely on its accounting department’s policies, processes, and procedures. Without a comprehensive accounting system, the productivity of your business finance will diminish. Along with this, the risk of facing irregular cash flow, internal fraud, and other possible failures will increase. If you want to improve the productivity of your business, then Sage software will give complete justice to it. To understand its functionalities, you must know  what is Sage software  used for. It assists you in managing your bus...