von AOXEN | Sep 20, 2022 | Bookkeeping
While you can certainly do this by hand using a calculator, there are faster and better ways to get the job done. Tallying up hours for each employee at a larger business simply isn’t a good use of your time. When the time comes to pay your employees for their hard...
von AOXEN | Sep 20, 2022 | Bookkeeping
The federal minimum wage for covered nonexempt employees is $7.25 per hour. The minimum wage increased to $14.00 on July 1, 2022 and $15.00 on June 1, 2023. The separate National Minimum Wage for year-olds will also increase to £8.60 an hour from £7.49, meaning in...
von AOXEN | Sep 16, 2022 | Bookkeeping
Unlike the months of LUNA, this calculation doesn’t take into account the restrictions of assets. You can find it by dividing the average monthly expenses by your total cash and cash equivalents. However, you can also use the next calculation (months of cash on hand)...
von AOXEN | Jul 27, 2022 | Bookkeeping
To avoid common mistakes with trust accounts, it’s crucial to keep business and trust accounts completely separate. This separation helps prevent errors like misapplying filing and service fees or recording a trust deposit as income. Additionally, choosing a payment...
von AOXEN | Jul 8, 2022 | Bookkeeping
When a purchase return is partly returned by the customer, it is treated as a payment on account of the balance. It means that for this part, the supplier has received only a part of the amount due to him/her. In such cases, therefore an overdraft would be created in...
von AOXEN | Jun 29, 2022 | Bookkeeping
ContentAccounting Software Choices for Accounting Firms and Their ClientsKey differentiators & advantages of Wave AccountingDoes Wave use double-entry or single-entry bookkeeping?ZipBooks vs. Wave Accounting It’s very easy to get used to the WaveApps interface,...
