Remove accounting terms Remove bookkeeping Remove Tax
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ChatGPT Isn’t Terminator for Accountants…Yet

Going Concern

TurboTax and QuickBooks are full of rudimentary AI features and already have reduced the need for some bookkeepers and tax preparers. The products can sort accounts, predict the other side of a journal entry, and populate a tax form with high accuracy. It confuses like terms, particularly technical accounting terms.

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What Is Payroll Tax? A Breakdown for Business Owners

inDinero Tax Tips

What is payroll tax? Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge. In this article, we’ll explain the basics of the tax and how to do payroll yourself. Table of Contents What Are the Types of Payroll Taxes?

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What Is Payroll Tax? A Breakdown for Business Owners

inDinero Tax Tips

What is payroll tax? Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge. In this article, we’ll explain the basics of the tax and how to do payroll yourself. Table of Contents What Are the Types of Payroll Taxes?

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Free Small Business Expense Tracking Spreadsheet

xendoo

If you have a business with many employees, sales, and tax considerations, an app is ideal. As you may know, you’re required to file taxes each year. Come tax time, no one wants to sift through old receipts to account for each expense. . Moreover, up-to-date records ensure that you file tax returns accurately.

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What Are Costs of Goods Sold?

MazumaBusinessAccounting

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. You may have even heard your bookkeeper or accountant refer to COGS as the cost of sales or services. What Are Cost of Goods Sold (COGS)?

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ARE ALL ACCOUNTING SERVICES THE SAME?

Basis 365

Basis 365 was created to deliver a unique, outsourced accounting experience to small businesses by providing a virtual accounting department using cloud-based accounting applications. The bookkeeper-only option will be part of the bottleneck of the business's growth. WHO CAN ADVISE YOUR BUSINESS?

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What Is Deferred Revenue? Journal Entry and Examples

xendoo

You need to understand how to recognize your revenue and record it on the profit and loss statement to do accounting properly. We’ll take a closer look at deferred revenue and what you need to know for your bookkeeping and accounting. . Deferred revenue applies to companies that use accrual basis accounting.