Bookkeeping

The recognition of unearned revenue as revenue depends on the terms of the agreement between the company and the customer. Generally, revenue is recognized when the goods or services are provided or when the customer has the unconditional right to a refund. For instance, if you purchase a concert ticket, the revenue is recognized when […]

Property taxes are assessed exclusively by counties and cities in New York State, which means that rates vary significantly from one place to the next. However, the state’s effective property tax rate (median tax bill as a percentage of the median home value) is 1.45%. The median home price in New York State is $449,800,

Law firms are subject to strict ethical rules and bookkeeping laws that govern handling business funds, client funds, settlement funds, and personal finances. Effective management of law firm expenditures necessitates maintaining a clear demarcation between personal and business expenses. For newly established law firms, conducting thorough research and developing a comprehensive understanding of the specific

Retained Earnings are reported on the balance sheet under the shareholder’s equity section at the end of each accounting period. To calculate RE, the beginning RE balance is added to the net income or reduced by sales tax calculator and rate lookup tool a net loss and then dividend payouts are subtracted. A summary report

It is illegal to hold a toll tag up by hand while driving through a toll collection point. They have a three-position switch that can be adjusted to signal whether you are traveling as a carpool or alone. The time, date and location of the driver’s toll crossing are also recorded. Can I tow a

On a given day, what does your business plan to do, and what will you need in order to actually do it? Think about any office space, software, technology, programs, systems, and pieces of equipment that might be needed on a daily basis. A bookkeeping business does not necessarily need to have many initial costs,