Bookkeeping

  • Bookkeeping
Bookkeeping

Bookkeeping and Tax Services
There aren’t any coaches or mentors for bookkeepers in the trucking industry. This is a niche that is wide open for ambitious entrepreneurs, new and experienced. I’ve experience working and building tricking businesses from the inside out, so I know what they need and how to help them expand profitably. …
Bookkeeping

Journal Entry for Gain on Sale of Fixed Assets
This agreement is binding on both parties unless the IRS determines the amounts aren’t appropriate. You allocate the installment obligation of $80,000 to the properties sold based on their proportionate net FMVs (90% to parcels A and B, 10% to parcel C). For rules on using the installment method for …
Bookkeeping

How to Implement Cash Discounting
The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account..... There is currently a strong push within the payments industry to sell cash discounting programs to merchants as a way to save money. Unlike the problem of higher interchange fees, you …
Bookkeeping

Balance Sheet vs Profit and Loss Statement P&L
Below is a portion of ExxonMobil Corporation's (XOM) balance sheet for fiscal year 2021, reported as of Dec. 31, 2021. A balance sheet is a financial document that you should work on calculating regularly. If there are discrepancies, that means you’re missing important information for putting together the balance sheet. This account includes …