Bookkeeping

Abnormal account balances are triggered by transactions that are out of the ordinary; for example, the cash balance should have a normal debit balance, but could have a credit balance if the account is overdrawn. Each of the accounts in a trial balance extracted from the bookkeeping ledgers will either show a debit or a…

In this context, volumes sold declined by 6.1% year-on-year, but disciplined management enabled the Group to deliver positive period costs price and mix improvements. The Connected Solutions business, combined under the MICHELIN Connected Fleets brand, continued to expand, thanks mainly to more disciplined management and improved operating efficiency. Understanding the concept of Net Operating Income…

Firstly, business owners bookkeeping for cleaning business struggle to accurately document and categorize every transaction. Secondly, Fort Lauderdale small business miss out on crucial tax deductions. As a result, late fees or interest charges have become a common issue. Fourthly, a small business struggles to keep up with daily financial tasks. Yes, our bookkeeping services…

Business travel deductions represent one of the small businesses’ most significant tax-saving opportunities, yet they’re often under-utilized due to poor tracking. Every business mile and travel and entertainment expense can contribute to your tax savings, from local client meetings to international conferences. These deductions are subtracted from your gross income to determine your adjusted gross…