A summary is given below of the differences between the profit and loss account and balance sheets. It adds up your total revenue, then subtracts your total expenses, and gives you your net income. If you have a bookkeeper or accountant, they may already generate P&L/income statements for you. Likewise, many types of accounting software […]
Leia maisYou should figure out your itemized deductions before you take your standard deduction. The tax law lets you deduct a myriad of expenses, the most common of which are mortgage interest and medical expenses. If you have a honking big mortgage or big medical bills, it may be worthwhile to itemize your deductions. Answer simple […]
Leia maisAfter all, the key to growing your startup from a vision to a successful business venture is in your finances. We’re committed to serving each one of our clients with unmatched and personalized service. Our pricing structure depends on your company needs, and we have several options for that. We begin by thoroughly understanding the […]
Leia maisTrucking businesses are an important part of the transportation industry. This information is critical in making business decisions such as which loads to accept and which trucks and drivers are the most profitable. However, accrual basis accounting can be more complicated than cash basis accounting, which only records transactions when cash changes hands. If you’ve […]
Leia mais