There are some accounts you may not need, like health insurance if it’s not offered and others that are required, like federal income tax payable, to comply with payroll laws. When it comes to mastering these tools, bookkeepers often undergo formal training and continuous professional development. Popular software programs such as QuickBooks and Microsoft Excel …
How do I set up a contra account or control the natural balance of a GL account in Quickbooks Online?
You can also record contra revenue within the sales account, but this means that it will be buried within the total amount of revenue reported, so that management cannot easily determine the amount of contra revenue. If your company has minimal contra revenue activity, it is acceptable to record these transactions within the revenue account. …
Payroll Provider Bookkeeping Outsourcing Company in Kiev: Units Consulting Ltd Kiev, Ukraine
By outsourcing complex finance tasks, you can dedicate your time and resources to your core business activities instead. Processes like accounting and supply chain finance management require tons of expertise and experience. That’s why many companies prefer to outsource them to a dedicated financial institution instead of putting inexperienced in-house staff on the job. To …