Bookkeeping

In addition to the cost of QuickBooks Live, you will pay a monthly subscription fee for QuickBooks Online, which ranges from $30 to $200. Merritt Bookkeeping also lacks tax or consulting services, and its bookkeeping services are limited to account reconciliation and preparation of financial statements. Once again, we recommend Bookkeeper360 if your business needs those services. You can use ... Read More »

Using automation programs for tedious bookkeeping duties helps keep accounting records updated, minimizes errors in data entry for accounts receivables and payables, and expedites the overall accounting process. Furthermore, the configuration in accounting software keeps financial records aligned with established principles. Accounting automation is software that lets you automate the accounting process so the most manual tasks are completed instantly ... Read More »

Dividends are part of the profit which is distributed amongst all the shareholders and preference shareholders. In the event of dividends, the corporation has the choice of paying the dividend. The corporation may opt to reinvest the money in future expansion and growth, or it may choose to provide profit shares to all shareholders. Determined by a company’s board of ... Read More »

Xero customers also get free access to Hubdoc, which allows users to extract data from documents. Employees satisfy this requirement by having their employers withhold taxes from their paychecks. But independent contractors must make estimated quarterly payments on their own—if they expect to owe taxes of $1,000 or more when they file their tax returns. When you’re an independent contractor, ... Read More »