What Is Petty Cash? The Full Guide For 2023

There’s his presidential reelection campaign, which has raised only about half of what Biden’s has so far this cycle. Trump acknowledged Monday that he „might” spend his own money on his campaign, something he hasn’t done since 2016. Whenever possible, local units should use the PCard instead of petty cash. Petty Cash custodians are responsible for safeguarding petty […]

Rate of Return: Formula, Calculation & Examples

Debt on the balance sheet is going to be added as well here and if you have cash and marketable securities, as it is not invested in the operations of the company it shall be reduced from the denominator. Companies can use rates of return to measure the performance of various business segments or assets which can assist them in making future decisions about how […]

12 Best Kansas City Bookkeeping Services

At KPN, we take the worry out of your taxes and deliver results that ensure confidence and compliance. A CFO service will produce reports on a monthly, or even weekly, basis that are unique to your company and your present requirements. Our goal is to connect people with the best local professionals. We scored Kansas City Bookkeeping Services on more than 25 variables across five […]

Functional expense schedule best practices for not-for-profits Resources

This can be done by the area used by each category or by the number of people in each department, whichever is easier. For example, Jason runs Coats 4 Kidz, a nonprofit that collects and distributes winter coats to kids from low-income families. He only has a staff of two, and all three of them routinely work wherever they’re needed. These 3 expense categories are […]

Frisco and Plano’s Reliable Tax Service Experts Precision Tax and Bookkeeping Services Inc

Bench takes the stress out of bookkeeping and tax preparation, helping Frisco’s business owners to focus on what they do best – growing their businesses. Precision Tax and Bookkeeping Services is Independently owned and operated by a trusted CPA tax expert. Rick Carpenter has been a licensed Certified Public Accountant since 1997. They provide individualized service that will deliver superior results […]

Owner’s Draw vs Salary How to Pay Yourself in 2024

What matters here is that you are paying yourself through the business’s profits. As a result, you have to estimate your tax payments (based on those profits) rather than having them withheld, which is how you typically pay taxes when taking a salary. When taking an owner’s draw, the business cuts a check to the owner for the full amount of the […]