Xero and Zoho Books go further by letting you create more advanced forms, like purchase orders, sales receipts, credit notes, and statements. All you have to do is fill in the blanks and select from lists of variables like customers and items. The most common types of transactions that a small business needs are invoices … Read more
To minimize the potential penalties and interest, it is crucial for businesses to file their 1099 forms on time and keep their records accurate. Ultimately, timely and accurate filing can help businesses avoid costly penalties and maintain a positive relationship with the IRS. Most employers are used to getting W-2s out to their employees by … Read more
Second, you gather and record all expenses related to the cost of goods sold (COGS) and then sum them up to get the total cost of sales. Third, you gather and record all other business expenses that are not related to the cost of goods sold (COGS) and then sum them up to determine the … Read more
Some of these universities also provide in-house training and examinations of the CMA program. Accounting graduates can do CMA accredited units at these universities to qualify for CMA status. The ICMA also has a number of Recognised Provider Institutions (RPIs) that management accounting run the CMA program in Australia and overseas. The CMA program is … Read more