Physical Inventory Adjusting Journal Entry

The issue is that these are mostly drop ship items that we ever physically had in stock. For example, a customer cancelled his order, but there was a sales receipt made for his order that never got canceled (customer never got charged/billed either). An inventory change account is credited with...

Top Accounting Outsourcing Companies in 2022 OHI

A firm can look out for things like tax credits, specialized loans, and other financial activities that a self-serve software won't be able to provide guidance on. With many businesses looking for help with tax compliance and audits, firms' lack of expertise (30%) and their inability to to support requests...

Virtual Bookkeeping Assistant

VaVa Virtual Assistants have set themselves apart as a leader in the virtual bookkeeping assistant industry. Instead of simply relying on resumes, VaVa goes beyond the checklist to gauge intangible talents and overall cultural fit. By using DISC personality results, they are able to match each client with a virtual...

Best Small-Business Bookkeeping and Accounting

Take your first step today toward setting up your accounting books. Start by selecting the right accounting software for your needs, then set up your COA and record transactions. Before you know it, you’ll be on your way to better financial management and business success. While small business owners can...