Bookkeeping 5
About Form W-7, Application for IRS Individual Taxpayer Identification Number Internal Revenue Service
If the documents don’t have an expiration date, the IRS will accept documents issued during a 12-month period from the date of application. The documents must also include your name and photograph and substantiate your claim of alien status. For people who want to be granted US citizenship or permanent legal residence, filing a tax […]
A Beginner’s Guide to Business Expense Categories
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Bookkeeping Examples Single & Double Entry Bookkeeping Examples
In addition, you have the opportunity to start your own business as a bookkeeper or take on freelance clients. Some bookkeepers also use their skills to get hired as consultants that work with companies to train their in-house departments. Bookkeeping is a process of recording and organizing all the business transactions that have occurred in […]
Bookkeeping for Nonprofits: A Basic Guide & Best Practices
He has published extensively in the field of nonprofit accounting and is coauthor of The Budget-Building Book for Nonprofits and The Cash Flow Management Book for Nonprofits, both from Jossey-Bass. He co-edits Nonprofit Report, a monthly newsletter on nonprofit accounting, taxation, and management. He is coauthor of the three-volume Guide to Audits of Nonprofit Organizations […]
Balance Sheets 101: What Goes on a Balance Sheet?
Additionally, if your company has chosen to participate in a pension fund, those liabilities are also long-term. If everything is put together correctly, your most liquid assets should be at the top of your balance sheet. Listing assets in descending order of liquidity will help your team see the amount of “cash” more clearly. During […]