QuickBooks 2021 All-in-One For Dummies contains eight information-rich mini-books that account for all your financial line-item asks, showing you step-by-step how to plan your perfect budget, simplify tax returns, manage inventory, create invoices, track costs, generate reports, and accurately check off every other accounting and financial-management task that comes across your desk!
Everyone needs to budget money and manage costs, whether for groceries and everyday purchases, rent or mortgage, education, retirement, or even a business. Like it or not, accounting infuses most everything in life. From credits, debits, and basic bookkeeping to getting the most out of tax deductions to creating a business plan to better understanding accounting lingo, The Handy Accounting Answer Book can help anyone with the skills to run a business, plan for retirement, establish everyday budgets or budge for a big purchase, and improve money management acumen.
Rental-Property Profits walks you through every important step, from spotting smart investments to taking advantage of tax breaks and loop holes. With clear language and updated forms, worksheets, checklists, and formulas, this new edition explains how to:Evaluate risks and opportunities in a post-recession market; Determine if you qualify for an investor loan; Calculate cash flow and maintain healthy levels; Establish sound bookkeeping and accounting systems; Handle rental property depreciation.
Topics include: 1) Saving money on taxes and boosting your profits, 2) Building an increasingly profitable business, 3) Navigating the complex tax maze without losing the bank, 4) Setting up a business plan following the new tax guidelines to minimize tax payout, and 5) Using record-keeping techniques that increase deductible expenses, 6) Reducing audit risk - or to survive audits successfully, and 7) Spotting errors in 1099s and handling them properly. This book also provides a thorough look into the Taxpayers First Act.
What do GAAP and OCBOA mean? What are revenues, expenses, assets, and liabilities? What are the stages of the accounting cycle? This video answers those questions and many others as it introduces viewers to the process of accounting as illustrated by a cupcake shop and a medical clinic. Sections include: Importance of Accurate Accounting, Basic Accounting Terms, Financial Reporting, Income Statements, Balance Sheets: Assets, Balance Sheets: Liabilities and Owner Equity, and Statements of Cash Flows.
All businesses understand that it’s vital to keep accurate records and monitor them on a regular basis. After watching this video, viewers will have a grasp of the matching concept, which helps avoid misstated earnings for a period, and the accounting cycle, which helps identify errors and provide the data needed for income statements and balance sheets. Sections include: Cash Basis vs. Accrual Basis, The Matching Concept, The Accounting Cycle, and The Accounting Cycle Quick Review. A home-based online gift basket business, a software company, a car repair shop, and a hair salon serve as examples
Assets and payroll are critical components of the accounting process and essential for any business to succeed. After watching this video, viewers will understand the managing of assets, which are resources owned by a company that help with its operations and can be converted to cash, and the managing of payroll—salaries, wages, bonuses and commissions, overtime pay, payroll taxes and costs, employer-paid benefits, and profit-sharing plans. Sections include: Tangible and Intangible Assets, Asset Accounts, Grouping Assets, Depreciation, Payroll Accounting, and The Matching Principle for Payroll Accounting.