Understanding Pro Forma Financial Statements: Components and Uses
COGS includes the direct costs attributable to the production of the goods sold in your business. A pro tip here is to always err on the side of caution; it’s better toLeer más…
Common Journal Entries for Equity Issuance Under GAAP
Assume a company issues 1,000 shares of common stock with a par value of $1 per share for $10,000. Common shares are credited, as they represent equity and increase with a credit.Leer más…
How to record paid Estimated Tax Payment
It seems to me that to have both an income option and an expense option for account that do not affect the P&L should be quite simple to code for and simplifyLeer más…
Unearned Revenue on Balance Sheet Definition, Examples
It is because, to recognize revenues, companies must meet two requirements. Secondly, they must ensure, with reasonable certainty, that the customer can pay for those goods. Unearned revenue is the income receivedLeer más…
How to File Taxes as an Independent Contractor: Tax Forms, Deductions, and Credits for Freelancers Intuit TurboTax Blog
In tax year 2022 (and currently for tax year 2024), the Child Tax Credit reverted to its prior amount of up to $2,000 per dependent child under age 17. If your AGILeer más…
What Is Community Income and How Does It Work?
In these cases, wages may be classified as separate income, depending on state laws. California’s laws are among the strictest, requiring nearly all earnings and property acquired during the marriage to beLeer más…
Over 75 FREE QuickBooks Online training, tutorials, and videos
Learn how to use QuickBooks® Pro for keeping track of business accounts and how to take control of your financial management needs, with this QuickBooks course. Upon completion of this course, youLeer más…