Category: Bookkeeping

When filing an income tax return in Illinois, taxpayers begin with their federal adjusted gross income (AGI, or taxable income, is income minus certain deductions). From there, certain items may be added back in, and others may be subtracted. Among the most important items that are taxable federally but not in Illinois are il income […]

In your case, it appears that you matched the payments with the bank deposit downloaded via Banking Feeds, which explains why the deposits on your bank statement were cleared. Now, to clear the balance in your Undeposited Funds account, we have two options to avoid duplicate deposits. Having accurate account balances is essential for making informed […]

Publicly traded companies that are in the midst of repurchasing stock may also want to control their debt-to-equity ratio. That’s because share buybacks are usually counted as risk, since they reduce the value of stockholder equity. As a result the equity side of the equation looks smaller and the debt side appears bigger. If earnings […]

The software covers all the accounting bases as well as invoicing, expense tracking, accounts payable, contact management, project management, inventory, budgeting, and more. There are six QuickBooks versions that allow business owners to manage their accounting and finances. Each QuickBooks product varies in price, features, usability, and target audience. If you choose an industry-specific plan, […]

By simplifying and automating these tasks, it seeks to improve operational efficiency within law firms. ActionStep is a comprehensive practice management software with an integrated accounting module. It centralizes case, document, and billing management, making it an all-in-one solution for law firms seeking simplified operations. Law firms have additional rules and regulations when it comes […]