Bookkeeping

CBIC Circular Clarification (June 2024)According to the CBIC’s circular issued in June 2024, businesses must claim ITC within the financial year of the self-invoice issuance. This clarification prevents delays accounting services for real estate in ITC claims and helps align RCM claims with the correct fiscal periods, ensuring that businesses avoid issues during audits or …

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Content Maintain key financial statements Income statement: Know your lead time. Bookkeeping, tax, & tax credits for startups. Online Bookkeeping Classes Most startup accounting also involves organizing separate ledgers for assets, liabilities, revenue, and expenses. With the creation of your startup, it is easy to get caught up in product promotion excitement. Proper bookkeeping and …

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Content Is Xendoo right for your Portland-based business? Do bookkeepers do payroll? FLAT RATE BOOKKEEPING SERVICES Learning to FIsh Bookkeeping Why Use a Professional Bookkeeping Service? We can help you set up some basic budgets, calendars, receipt tracking, office organization, strategies for growing or changing your business. So you haven’t done any bookkeeping since you …

The 10 Best Small Business Accountants in Portland, OR 2023 Read More »

When money is paid in advance for a service that hasn’t yet been provided, the… Learn the definition of a liability and understand how it differs from assets. On October 10, 2020, Abraham Departmental Store receives $1,000 from Kims’ Players as deposit for certain lights, carpets and furniture to be used in a live stage …

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Content Missed a Quarterly Tax Payment? Here Are the Penalties (And How to Get Out of Them) Calculating Your Estimated Payments Completing Federal Form W-2 Block 16, State Wages, Tips Who should pay estimated taxes? Abatement of Penalties Essentially, estimated tax applies to income sources through business, rent, interest, dividends received, self-employment, etc. The amount …

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Content 3.1 Administrative costs of the liability system Insurance SG&A Ratio and financial success of a company List of Administrative Expenses Integrate your accounting software with our integration like Xero, Quickbooks, and Netsuite. Often G&A expenses are considered secondary expenses, which adds no value to the company’s growth chart. A business needs to be protected …

What are General and Administrative Expenses G&A? Read More »