Bookkeeping - Page 11 of 146 - Online Accounting

Invoicing best practices: Top 5 Invoice Processing Best Practices for Your Business

Jul 6, 2023 Bookkeeping by Adam Hill

The address field for an invoice will contain the company name and mailing details, but the invoice itself should directly address the name of the person who approved the purchased. This way the invoice will go to the person that can quickly confirm the charges and approve it for payment.3. After you send the invoice,
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Invoicing apps: ‎Invoice2go: Easy Invoice Maker on the App Store

Jul 6, 2023 Bookkeeping by Adam Hill

Each cloud-based app that made our list had to offer a completely free version. Invoice Ninja is a feature-packed free invoicing software that makes it easy for you to manage billing for multiple clients and even multiple businesses. You can create an unlimited number of quotes and invoices but the free plan limits you to
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Insurance journal entry: Prepaid insurance definition

Jul 5, 2023 Bookkeeping by Adam Hill

At the end of any accounting period, the amount of the insurance premiums that remain prepaid should be reported in the current asset account, Prepaid Insurance. The prepaid amount will be reported on the balance sheet after inventory and could part of an item described as prepaid expenses. Let’s assume that a company is started
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How to create a business budget: How to Prepare a Budget for an Organization: 4 Steps

Jul 5, 2023 Bookkeeping by Adam Hill

Your budget should never be set in stone, but instead a living plan that can be adapted. Now that you have all your general numbers in front of you, it’s time to do the math to analyze your cash flow and create a smarter budget. You can find this by subtracting all expenses from your
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How to calculate overtime pay: How to Compute FLSA Overtime Pay

Jul 5, 2023 Bookkeeping by Adam Hill

Under the FLSA, overtime pay is additional compensation (i.e., premium pay) that employers must pay to nonexempt employees who work more than 40 hours in a workweek. As previously stated, the federal rate is time and one-half the regular rate of pay, however, states that have their own laws may require daily overtime payments or
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