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Category Bookkeeping

13 Apr

Construction Bookkeeping: Essential Tools & Tips

Furthermore, adherence to industry-specific regulations and tax requirements is crucial, highlighting the significance of accurate bookkeeping in construction projects. In the construction industry, keeping accurate financial records is more than just a necessity, it’s the backbone of your business. Construction bookkeeping helps ensure that all costs, from labor to materials, are accounted for, making it […]

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4 Mar

Are Retained Earnings Current Liabilities Or Assets

Knowing the amount of retained earnings your business has can help with making decisions and obtaining financing. Learn what retained earnings are, how to calculate them, and how to record it. Retained earnings can be used to pay off existing outstanding debts or loans that your business owes. Prep early for a stress-free tax season […]

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25 Jan

Financial Accounting Meaning, Principles, and Why It Matters

It lets you track your business’s finances and understand how much cash you have available. Learn how to record business transactions recording transactions so you stay on top of your accounting, finances, taxes and performance. Self-invoicing is the process where the recipient of goods or services, rather than the supplier, generates the invoice. This occurs […]

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16 Nov

Tax Preparation Outsourcing Services Small Business & Corporate Tax Solutions

According to data, firms who are using XCM® Solutions are in a comparable place to last year’s 9/15 deadline, despite the impacts of COVID-19. But those who also utilize Xpitax Tax Outsourcing are over 9% ahead of the national pace. Ask detailed questions about their encryption practices, data storage solutions, accounting balance sheet and how they maintain […]

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