If you do not have a PTIN, you must get one by using the new IRS sign-up system. Even if you have a PTIN but you received it prior to September 28, 2010, you must apply for a new or renewed PTIN by using the new system. If what is the carrying amount all your…
When selling goods on consignment, the business doesn’t have to record a journal entry when goods are received. The transaction produces money for the business, but the business then has to provide money to the consignor. These include clothing, athletic equipment, furniture, musical instruments, art, and jewelry. They’ll either return them to you or, with…
As you’re evaluating bookkeeping service packages, we’d like to show you what makes Zeni’s price packages different from other bookkeeping solutions. We are not a traditional finance firm, and our service plans aren’t traditional either. Zeni is a full-service finance automation platform that offers bookkeeping and accounting services for startups and small businesses. Keep reading…
Determine the value of new preferred stock issues, which is the difference between the ending and beginning preferred stock balances in the shareholders’ equity section of the balance sheet. If the company receives a premium over par for its preferred shares or if it redeems some of these shares during the period, factor those amounts…
With FreshBooks, you can automatically send late payment reminders for weddings, christenings and other private bookings. Clients receive polite late Food Truck Accounting payment reminders and your church collects every dollar it’s owed. One distinction between traditional companies and churches is the fact that various individuals and entities can be owners or shareholders of a…