How to Use Features and Functions in QuickBooks Online

These guides are the source of truth, the what, how, and why behind every feature and function in QuickBooks Online. They provide facts, figures and detailed visual walkthroughs to help you do your QuickBooks accounting quickly and efficiently. Your account information is securely stored in the cloud and available anytime on all your devices. Save time and reduce errors […]

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The Five Duties of a Bookkeeper in Construction Learn the Essentials

For contractors managing several projects simultaneously, tracking costs and ensuring profitability for each one can be overwhelming. Construction bookkeeping is a form of bookkeeping unique to the construction industry. Its purpose is to enable construction companies to have a better understanding of their financial situation through tracking and recording both expenses and incoming payments. Using […]

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Accounts Payable Journal Entry: A Complete Guide with Examples

Determine whether it’s a purchase of goods or availing of services on credit, and ascertain the amount involved. This dual effect ensures that the accounting equation remains balanced, paving the way for accurate financial reporting. Rippling also offers compliance management tools to help you navigate the complex world of payroll regulations. The system automatically updates […]

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Accounting rate of return ARR calculation

In the ARR calculation, working capital is added to the initial investment and scrap value, providing a more comprehensive view of the resources invested in the business. A higher working capital can lower the ARR, while a lower working capital can result in a higher ARR, assuming other factors remain constant. The Accounting Rate of […]

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Accounting for Startups The Ultimate Startup Accounting Guide

Our team loves working with startup companies, not only that, but Kruze cares more! We’ve got the experience to help you make critical financial decisions. We have former VCs on staff to help prepare you for your next funding round, and former IRS agents on hand to assist you as you think through the tax […]

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Accounting for LLC: Best Practices and FAQs

This means reporting your income and expenses on your personal income tax return (Form 1040). When you file as a sole proprietor, you pay taxes based on your personal income tax rate. Maintaining clear and organized financial records is vital for LLCs. This includes separating personal and business accounts, which simplifies tax filing and helps […]

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Predetermined Overhead Rate Formula How to Calculate?

Direct labor standard rate, machine hours standard rate, and direct labor hours standard rate are some methods of factory overhead absorption. It’s also important to note that budgeted figures in calculating overhead rates are used due to seasonal fluctuation/expected changes in the external environment. The business has to incur different types a predetermined overhead rate […]

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