Self Improvement Site
On The Internet! Take the Self Improvement Tour
On The Internet! Take the Self Improvement Tour
Articles from Ledger Bench | Selfgrowth.com
- Why Bank Reconciliation is Important for Small Businesses? - by Submitted on Aug 01, 2020 from Ledger BenchIn any business, cash is the lifeblood. Cash helps in performing day to day business activities. The payment of employees also depends upon the availability of cash. Marketing of goods and services also requires cash. So, bank reconciliation plays an important role to ensure there is ...
Views: 558 - The Importance of Ethical Accounting - by Submitted on Jul 30, 2020 from Ledger Bench“Ethics is knowing the difference between what you have a right to do and what is right to do.”- Potter Stewart Ethics is an integral part of an individual that defines his/her professional ethics. And accounting is one such profession that affects the lives of millions of people each day which ...
Views: 444 - New Guidance Issued on PPP Loan Forgiveness – Ledger Bench - by Submitted on Jul 29, 2020 from Ledger BenchOn June 16, 2020, The Small Business Administration (SBA), released new loan forgiveness application forms and corresponding instructions for borrowers seeking forgiveness of their Paycheck Protection Program (PPP) loans.They also unveiled a new EZ form for forgiveness of PPP loans. On June ...
Views: 692 - All about IFRS 15 - by Submitted on Jul 21, 2020 from Ledger BenchThe Revenue Recognition Principle is the concept that determines how revenue should be recognized and reflected in a business’ balance sheets and Financial Preparation services statements. It differs in how one accounting principle does it than the other. The International Financial Reporting ...
Views: 459 - All about Statutory Compliance - by Submitted on Jul 17, 2020 from Ledger BenchStatutory compliance in Payroll is a complex process with changing legislation, varying allowances and deductions and compliance issues. Many businesses manage payroll in-house while some outsource it to a third party. The goal is to adapt constantly changing legislation and to avoid compliance ...
Views: 539 - What is Virtual Bookkeeping? What You Need to Know? - by Submitted on Jul 15, 2020 from Ledger BenchBusinesses can find it difficult as well as challenging to keep accurate records of their financial transactions. Bookkeeping can take up a lot of time. It also requires specialised knowledge to perform bookkeeping. You may hire an in-house bookkeeper or outsource your bookkeeping to a third ...
Views: 470 - Accounting Challenges Faced by Accountants and How to Overcome? - by Submitted on Jul 09, 2020 from Ledger BenchAccounting in the year 2020 is more than just crunching the numbers and availing maximum tax benefits. It is about going ahead and overcoming the major challenges faced by accountants that are hindering you from achieving your goals. The failure to see these and acting on them promptly, not only ...
Views: 457 - Pros and Cons of Outsourcing Bookkeeping – LedgerBench - by Submitted on Jul 07, 2020 from Ledger BenchOrganizing and streamlining your business operations and logistics is the ultimate goal of every business. Outsourcing bookkeeping and accounting tasks are one such way to efficiently run your business. The financial professionals assist you in handling your financial records and finance-related ...
Views: 464 - All about Statutory Compliance in Payroll - Ledger Bench - by Submitted on Jul 06, 2020 from Ledger BenchPayroll is a complex process with changing legislation, varying allowances and deductions and compliance issues. Many businesses manage payroll in-house while some outsource it to a third party. The goal is to adapt constantly changing legislation and to avoid compliance risk. One of the most ...
Views: 398 - Why small businesses choose QuickBooks as their accounting software? - by Submitted on Jul 05, 2020 from Ledger BenchManaging business finances is a vital part of a business and good accounting software can help with managing it. Most of the small businesses use QuickBooks as their accounting software. QuickBooks is easy to use and is loaded with features that save you time. QuickBooks saves around 40 hours ...
Views: 511 - How Virtual Accounting Can Help Your Business? - by Submitted on Jul 03, 2020 from Ledger BenchOutsourcing accounting services has increasingly become a common trend for today's businesses. Virtual accounting is the newest outsourced method which is cost effective and efficient. Technology has made virtual accounting very easy and is really helpful for companies ...
Views: 420 - When we need to outsource accounting & bookkeeping? - by Submitted on Jul 02, 2020 from Ledger BenchBusiness needs both financial and management reports for the growth of its company. Your business needs basic financial reporting for compliance and making sure your books are accurate. As the business grows, you find it difficult to tackle every aspect of your business. Most bookkeepers only ...
Views: 417 - What is Bank Reconciliation and Credit Card Reconciliation? - by Submitted on Jun 22, 2020 from Ledger BenchIn any business, money is the soul. Money encourages in performing everyday business exercises. The installment of representatives likewise relies on the accessibility of money. Promoting of products and enterprises additionally requires money. In this way, bank and credit card account ...
Views: 633 - Virtual Accounting Services That Benefit Your Business! - by Submitted on Jun 18, 2020 from Ledger BenchAs your business expands, so does your administrative and financial tasks proliferate. You are required to spend added time and make increased effort to keep up with the increased tasks and the need to manage them all seamlessly. Another thing, that becomes imperative at this time is to know ...
Views: 579 - Get Ahead With Our Virtual Bookkeeping Services - by Submitted on Jun 18, 2020 from Ledger BenchAs your business grows and expands, there is a consecutive expansion of your administrative and financial tasks as well. Needless to say, you require more time, expenses and effort to manage it all seamlessly. Another thing that comes along with this, is the need to be better with time and to ...
Views: 371 - Bank reconciliation - What is bank reconciliation? - by Submitted on Jun 15, 2020 from Ledger BenchWhat is Bank Reconciliation? A Bank Reconciliation is an archive that coordinates the money balance on an organization's accounting report to that of bank proclamations. Accommodating the two records helps deciding whether bookkeeping changes are required. It is completed at customary stretches ...
Views: 582 - Payroll Reconciliation: How to Do It - by Submitted on Jun 11, 2020 from Ledger BenchPayroll Services is an important part of business expenses. You must make sure that you run payroll and record it accurately in the books. Your employees are dependent on their salaries. What if the salary is not paid accurately or there is a delay. This would take a toll on the employees and ...
Views: 618 - Audit Support and Auditing Expert - by Submitted on Jun 10, 2020 from Ledger BenchHave you as of late gotten charge notice from the IRS and are frightened some solution for it? All things considered, you have gone to the opportune spot for every one of your inquiries. Not all duty sees by the IRS are identified with reviews. The notification letter given by IRS will have ...
Views: 452 - What is Accounts Receivable? - by Submitted on Jun 09, 2020 from Ledger BenchIn the event that an organization has receivables that implies they have made a deal, however have not gathered cash from the provider. Numerous organizations permit their customers to pay subsequent to getting the administration. Records receivable is the cash owed to the organization by its ...
Views: 561 - How a Small Business should prepare for the Tax Season? - by Submitted on Jun 09, 2020 from Ledger BenchPreparing for the tax season is vital for small businesses and individuals. At the same time, it is difficult for the small businesses to file taxes. An early preparation for your business taxes can help minimize your tax burden, increase deductions and avoid end of the year scramble. What is ...
Views: 404 - What are Accounts Payable? - by Submitted on Jun 08, 2020 from Ledger BenchAccounts Payable (AP) is an account that represents a company’s obligation to pay off its debts to its supplies or creditors in a short period of time. In a nutshell, it is the amount payable by the company to its suppliers or creditors. It must be paid within a given period to avoid default. It ...
Views: 497 - Top reasons to use a professional bookkeeping service - by Submitted on Jun 06, 2020 from Ledger BenchWhatever may be the size of the business- an efficient and accurate bookkeeping can make or break an organization. Right bookkeeping ensures that records are always up-to-date and give accurate data that can be used to evaluate financial information and make wise decisions. Bookkeeping can be ...
Views: 507 - How does Audit Expert Works? | Audit Support - by Submitted on May 21, 2020 from Ledger BenchHave you as of late gotten charge notice from the IRS and are panicked some solution for it? All things considered, you have gone to the correct spot for every one of your questions. Not all duty sees by the IRS are identified with audits. The notification letter given by IRS will have all the ...
Views: 427