Category: Bookkeeping

(jj) The phaseout range for the standard deduction, personal exemption, and dependency exemption is $217,050 to $241,850. For taxpayers with modified Federal AGI exceeding $241,850, no standard deduction, personal exemption, or dependency exemption is available. (ff) Montana filers’ standard deduction…

Leverage the percentage of sales method to get a clear vision of your financial future so you can map strategies that work. Ultimately, this will help ensure you’re on a path to growth. In this step, businesses hope to obtain…

The growing popularity of accounts payable outsourcing and accounting outsourcing, in general, can be attributed to a sustained need to make cost savings and compensate for labor shortages. Companies are embracing business https://www.bookstime.com/articles/do-i-need-a-personal-accountant process outsourcing (BPO) as a strategic solution…

Retained earnings represent a useful link between the income statement and the balance sheet, as they are recorded under shareholders’ equity, which connects the two statements. The purpose of retaining these earnings can be varied and includes buying new equipment…

Preparing the multi-step income statement is beneficial for medium to big corporations to keep track of their income. As the revenue and expenses are segregated into operating and non-operating accounts, it provides greater insight into the company’s financial performance. Online…

If you’re only focusing on expenses and not big-picture financial data, you’ll miss out on some strategic opportunities. Accounting is for trained professionals who can give a fuller summary of your company’s financial realities. Accountants rely on financial statements from…

By understanding the income and expense components of the statement, an investor can appreciate what makes a company profitable. The income statement is an integral part of the company performance reports. While the balance sheet provides a snapshot of a…

Just as it’s important not to lessen hardships faced, it’s also important to recognize how we have evolved for the better. The accounting profession can use lessons from the past year to continue to flourish this year and well beyond.…

The term MM is used in the finance world to denote one million and is a standard nomenclature used across the globe. It is commonly used in financial documents, contracts, and communication, especially those regarding large monetary amounts. It originates…

Please review the Program Policies page for more details on refunds and deferrals. We accept payments via credit card, wire transfer, Western Union, and (when available) bank loan. Some candidates may qualify for scholarships or financial aid, which will be…