Author: tulsitrust

For example, if you have a sole proprietorship, your tax situation may be relatively straightforward and you may not need an accountant to help you file your taxes. However, if you have a more complex business structure, such as a partnership or corporation, you may need more help from an accountant to ensure that you...

Xero and QuickBooks Online tend to integrate with the most apps—Xero has over 1,000 integrations and QuickBooks is nearing 1,000. Cloud accounting software is an excellent resource for ecommerce sellers and a must for pulling across all of your eBay accounting financial data. ConnectBooks goes above and beyond standard accounting software with dozens of useful...

This model is suitable for those who want more control over their business finances. Managing the finances of a multi-unit franchise can be more complex than a single-unit franchise, as the franchisee has to handle multiple accounting processes simultaneously. However, this model provides economies of scale, allowing what is notes payable definition how to record...

You’d need to track the PTO used before it’s been earned, resulting in a negative PTO balance for that worker. In the examples above, we used a weekly pay cycle and a standard five-day, 40-hour workweek. That accrual rate would be 1.54 hours of PTO earned (accrued) for each week worked. In this article, I...