Category: Bookkeeping

If you don’t have a bank account, go to IRS.gov/DirectDeposit for more information on where to find a bank or credit union that can open an account online. You can prepare the tax return yourself, see if you qualify for free tax preparation, or hire a tax professional to prepare your return. In general, you…

Users of Wave’s paid and free plans can both access receipt scanning, though only paid users can opt for free receipt scanning. In either case, Wave Accounting’s mobile app lets you capture unlimited receipts and import them in bulk in batches of up to 10 receipts. Wave’s other invoice automations include automatic user notifications when…

Accrued expenses generally are taxes, utilities, wages, salaries, rent, commissions, and interest expenses that are owed. Accrued interest is an accrued expense (which is a type of accrued liability) and an asset if the company is a holder of debt—such as a bondholder. In case of accrued interest meaning in accounting the interest expense on…

If shareholders’ equity is positive, that indicates the company has enough assets to cover its liabilities. But if it’s negative, that means its debt and debt-like obligations outnumber its assets. Company or shareholders’ equity often provides analysts and investors with a general idea of the company’s financial health and well-being. The above formula is known…

If shareholders’ equity is positive, that indicates the company has enough assets to cover its liabilities. But if it’s negative, that means its debt and debt-like obligations outnumber its assets. Company or shareholders’ equity often provides analysts and investors with a general idea of the company’s financial health and well-being. The above formula is known…