Bookkeeping

Repairs to more than 40\% of the roof is generally subject to capitalization for tax purposes. If any other capital improvement directly benefited from the roof work, then the roof work must generally be capitalized under the regulations. Finally, there is the most difficult, yet inescapable issue of population numbers. No system of management, however …

Reporting Land Improvements and Impairments in the Value of Property and Equipment Read More »

Contents: Advantages Of Starting And Running A One-Person Business Luxury Branding Tough Times Don’t Have to Mean Tough Terms: Leveraging Financial and Cap Table Modeling in VC Negotiations An Affordable Bookkeeping Alternative to a CFO First and foremost, focus on the needs of your business when deciding between an LLC, a corporation, and a sole …

The One-Person Business Model How To Productize Yourself Read More »

When you make a payment for a prepaid expense, you initially debit your prepaid expense account and a credit to the cash account (or accounts payable, if payment is made on credit). This entry recognizes the business’s payment for goods or services that have not yet been consumed. It would also be credited for the …

Solved: How to enter monthly insurance premiums, not connected to payroll in QBDT? Read More »