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Bookkeeping

What Is Straight-Line Depreciation? Formula & Example

Rather, it takes into account that assets are generally more productive the newer they are and become less productive in their later years. Because of this, the declining balance depreciation method records higher depreciation expense in the beginning years and less depreciation in later years. This method is commonly used by companies with assets that […]

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Freight on Board FOB: What It Means for Your Shipments

A 2015 situation with Volkswagen’s diesel engines highlighted the importance of understanding product quality and liabilities when goods are in transit. Understanding FOB terms is essential for cost control, risk management, and smooth shipping operations. By clearly defining who is responsible at each stage, FOB helps prevent costly disputes and ensures your shipments arrive as

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Intuit QuickBooks Desktop Payroll Services License and Product Information

With manual payroll enabled, you can enter payroll information for employees directly without integrating with online payroll. This allows you to have more control and flexibility over payroll, though you will need to handle payroll tax payments and filings yourself. For its tax penalty guarantee, Intuit QuickBooks will assume responsibility for any penalties arising from

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How to Find a QuickBooks ProAdvisor: A Step-by-Step Guide

A ProAdvisor can provide customized training sessions tailored to your team’s roles and responsibilities. They can cover everything from basic navigation to advanced reporting features. As experts in QuickBooks, ProAdvisors have the knowledge and skills to empower your team to use the software effectively. This investment in training can lead to increased productivity and fewer

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Free personal finance software, money management for everyone

Its user-friendly interface and intelligent financial tools have made it a favorite, but it’s the free features that really make it stand out. For this, you only need to pay a small amount, as either a monthly or yearly fee. Cloud accounting software provides world-class data security, because unlike the traditional accounting system, your financial

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Bond premium: Managing Bond Premiums with the Constant Yield Method

The borrower may be able to deduct the OID as interest expense. Your investment income generally is not subject to regular withholding. However, it may be subject to backup withholding to ensure that income tax is collected on the income. The bank, broker, or other payer of interest, original issue discount (OID), dividends, cash patronage

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Bookkeeping Pricing Packages & Plans Bench Accounting

On paper, a part time bookkeeper may look like an attractive option. However, any error or oversight that may appear on the sheet is fully at your business’s expense. Transactions for every pay run will be automatically created so your reports and books bookkeeping and payroll services stay accurate and organized. Decide what features you

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