Catégorie : Bookkeeping

Many products carried in grocery stores, like meats, dairy products, and fresh produce, spoil quickly. Without the right inventory management tools and tactics, you may find yourself in a grocery store accounting steep climb uphill, losing profits to shrinkage due to unsold product spoilage. Underordering can be a result of bad decision-making, an inefficient ordering […]

This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable. You’ve already learned how to understand your financial statements in our article here. Get in touch with us now to find out how Ohana Accounting LLC can help you reach your financial goals. You have the ability to dissect a case […]

Instead of a $300 deduction per return, it’s $300 per person. So if you file jointly with the standard deduction, you can deduct up to $600 for charitable contributions. Only itemize those expenses directly connected to the work you did as a volunteer and incurred because of it. For instance, if you were going on a […]

This blogpost only scratched the surface on IRS Form 941. There’s even more to know about the form, reporting schedules, corrections, and other forms and taxes that must reconcile with Form 941. Investing in a payroll resource guide can be an excellent way to keep up to date with all the changes and adjustments. Note […]

It must be noted that from purchases journal, posting is made in four different accounts, purchase account, S & sons account, R& co., and Lever brothers account. The purchase account is debited with the total amount of the three purchases totaling $7,400 (4,000 + 2,400 + 1,000) at the end of the month. S & […]

It can tell readers of financial statements if a large purchase of fixed assets may be coming in the near future or if fixed assets are being managed well. Real estate or procurement teams should notify accounting when fixed assets are purchased. Management and accounting personnel that https://missouridigest.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ oversee financial reporting should set expectations for […]