A Small Business Owner’s Monthly Bookkeeping Checklist

Any bookkeeper knows one of their key responsibilities is recording accounts payable invoices daily. Completing this daily task allows you to build a good relationship with the bank and establish a paper trail in case any questions arise about a company’s...

Current Assets vs Noncurrent Assets: What’s the Difference?

ContentNotes Receivable ExampleWhat Are Examples of Current Assets and Noncurrent Assets?What Are 3 Types of Current Assets?Financial Ratios That Use Current AssetsOther Current and Noncurrent Assets, Including Notes ReceivableIs Equity A Current Asset? How It Is...

Massachusetts Moving Expense Tax Deduction

ContentTax Deductible Moving ExpensesTime TestWhat are the 2020 federal tax brackets?§217. Moving expensesAre moving expenses tax deductible?CFR § 1.217-2 – Deduction for moving expenses paid or incurred in taxable years beginning after December 31, 1969.Do you...

Credit Sales How to Record a Credit Sale with Credit Terms

Frequent training sessions for personnel involved in credit management can help them stay abreast with the latest methodologies and regulatory shifts. Being proactive in the collection of debts can immensely minimize the possibility of payment delays or defaults. In...