Bookkeeping

Content What is the Difference Between an Owner’s Draw vs Salary? How Much Can You Draw? Owner’s draw vs distributions of profits What is an Owner’s Draw? Salary vs. Shareholder Distributions S Corporation Owners Who Work in the Business Get a Salary Here’s a closer look at the implications of using different entity types. However, […]

Content What Transactions Should Go in the General Ledger? Debit and Credit Accounts Rules of Debit and Credit FAQs Accumulated Depreciation on Balance Sheet The golden rules of accounting that govern accounting debit and credit rules 5: General Rules for Debits and Credits By the Double Entry System of accounting, every business transaction consists of […]

Content Want More Helpful Articles About Running a Business? Fixed and Variable Overhead in Break-Even Analysis Variable expenses Support Overheads Overhead rate represents the ratio of company overhead – rent and other administrative costs – to direct cost, sales, or other inputs, such as machine hours. It provides company owners and managers with an indication […]

Content Services Invoices Why Are Accountants in High Demand? What Is the Difference in Cost Between an Accountant and Tax Preparer? By organizing your documents as you go, you’ll save yourself a headache during tax season. This fully remote role offers a salary that is negotiable based on experience, a semi-annual bonus system, 4 weeks […]