Now that you are familiar with some basic concepts of the accounting equation and balance sheet let’s explore some practice examples you can try for yourself. Under all circumstances, each transaction must have a dual effect on the accounting transaction. For instance, if an asset increases, there must be…

When you are ready to receive your QuickBooks ProAdvisor Program, you need to visit the official QuickBooks website and sign up. With these automated marketing tools, you can save time, effort to focus on working and getting more new deals. Submit your CPE certificate to the National Association of…

Let the person or entity know you plan to deposit the check, so they can make sure their account has the funds. Stale-dated checks are outdated checks issued to the bank after the payment date has expired. Hence, an employer must be very cautious about issuing checks for different…

Clear can also help you in getting your business registered for Goods & Services Tax Law. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and…

The Equal Employment Opportunity Commission has jurisdiction over employers with fifteen or more employees. Once you’ve signed and dated Section 2, and Section 3 if applicable, the I-9 form is complete. Instead, the last action you’ll need to take in regards to the I-9 form is to ensure that…

Say you own a business that does contract work for other companies. A client hires you for a new project that will span the course of three months. Unique invoice numbers are important because they help you invoice number meaning track a variety of factors that are critical for…

The use of two m’s to denote millions is becoming less common. Frequently, in finance and accounting, an analyst will use k to denote thousands and a capitalized M to denote millions. Roman numerals are often used in accounting to help abbreviate and designate numbers. Examples of Abbreviating Millions…

It is possible to determine a company’s shareholders’ equity by deducting its total liabilities from its total assets, both of which are listed on the balance sheet. In the absence of a balance sheet, the shareholder’s how to calculate stockholders equity equity can be determined by adding up all…

Additionally, you unlock the QuickBooks Online Advanced Certification exam, which helps improve your visibility on the directory, giving you more opportunities to connect to new clients. 24/7 support resources are available for Premium levels that include scheduled callback and digital self-help resources. Support hours exclude occasional downtime due to…

If you’ve already started the exam and resume later, you should see a green Resume exam button, as shown below. This module introduces the Expense and Vendor Workflows and the Expenses Center. We will take a look at adding vendors, entering expenses and how to enter and pay bills….