Category Archives: Bookkeeping
With QuickBooks Checking, you can get integrated bookkeeping plus instant deposit of your payments, plus 1% APY interest on your balance (as of July 6, 2022). You’ll pay no monthly fee and have no balance minimum. Online payments allows you to get paid quickly by bank deposit, credit card, and Apple Pay. See invoice summaries, […]
Federal income tax is the first item that comes to mind when discussing paycheck deductions. It’s based on your income and filing status, with a progressive tax system in place. However, you’ll only pay a higher tax rate on the portion of your income that exceeds a specific threshold. Illinois does not provide a standard […]
It offers a comparison point to determine whether a company’s debt levels are higher or lower than those of its competitors. As is the story with most financial ratios, you can take the calculation and compare it over time, against competitors, or against benchmarks to truly extract the most valuable information from the ratio. By […]
It allows you to compare your records with your bank or credit card statement and make sure that everything is accurate and up-to-date. It also provides an important verification that there is no fraud or unsavoury activities going on. Regularly reconciling your books is a crucial practice for ecommerce sellers. First, it ensures the accuracy […]