I’m looking for a company that will allow me to work from home and process payroll. I live in Atlanta,GA?
Accounting Blog
- Subscribe to the RSS Feed
Translator
What is the fastest way to compare two balance sheets of different months in Excel?
Hi. I need to compare two balance sheets of different months in Microsoft Excel. The ledger (line items) may not be exactly the same for the balance sheet of each month. I need to calculate the fluctuation of identical ledger (line items) across 2 months. There is an account number attached to each ledger (line item).
What Excel formulas (other than Sum and If) would help me to complete this task in the fast possible time?
I currently take at least about 4 hours to complete this task as there are hundreds of lines.
what is the most tricky thing in payroll?
What is the area in payroll that requires the most attention?
In biweekly payroll what is the procedure if the salaried person quits on the second week for which he is accidentally paid ?
In biweekly payroll what is the procedure if the salaried person quits on the second week for which he is accidentally paid ?
financial analyzing for insurance statement?
i have to analyze the financial statement for a insurance company
I am trying to avoid hiring an accountant. How can I figure out what tax bracket I will be in?
If I am a sole propriotor and I run my business out of my home. How can I figure out how much taxes I will have to pay (or which tax bracket)? I am trying to skip hiring an accountant but it may be enevitable. Also, If I only deal in cash, how will anyone know how much sales I actually do? I have a business bank account set up. Do they use that at the end of the year? The account is setup with my SS number as the Tax ID number. So does this mean I will file everything together? Any help is appreciated..
Bookkeeping job after college?
Hi, I just recently graduated from a state school with a BBA in Finance and on a job hunt still :(….Recently I have even tried applying for bookkeeping jobs (seems like a boring and repetitive job though). I am planning on taking night classes to finish my 7 more accounting classes I need to get a CPA. I have no relevant work experience in the accounting or finance field, just your avg. work from students ie..Warehouse worker, customer assistance associate (from a market), cashier, and painter, plus experience in the army (leading a small group of people and all the other stuff that comes along with being in the army)
The question I have is if working as a bookkeeper for 2-3 years would maybe enhance my resume? I eventually want to get something better obviously but I have heard from some people that being a bookkeeper is not that great of a resume builder , especially since I have my Bachelors (might look bad that I took the job)
Anyways thanks to whoever tries to answer my question..It’s really hard finding a job out of college :(, even most bookkeeping jobs ask for experience O.o. It’s really annoying since I could easily do bookkeeping stuff, and if not learn it really quick since I have taken like 5 accounting classes, ranging from your basic accounting courses (which a bookkeeping job would entail) to classes like Cost Accounting and Accounting Information Systems.
yeah..I think it’s too late already for me to get an internship since I graduate…well I already did lol I have my ceremony this saturday.
Also I could “afford” to not work right now since I still live with my parents…at least for 2-3 months. I am just wondering if getting the bookkeeping job would help me out at all or should I wait?
yeah sorry TheBansh I didnt want to come off as being too high for the job since I am willing to start out at the bottom but only if it will help me out in the future. (meaning no mor warehouse general labor jobs or jobs like that for me)..I do know that alot of stuff in accounting or even finance is boring and repetitive and I have no problems with it but I do eventually want to get something better than a bookkeeper..Anyways thanks everyone for your answers.
oh yeah p.s. I do have “some” experience in quickbooks since I actually had to do a presentation on it for one of my classes. Keep in mind I havn’t worked on it for a long time but it seemed really really easy to get to know..all I did was do a whole accounting cycle and other stuff (setting up vendors, AP,AR , etc..) and it was easy. Actually alot of the accounting software seems easy enough to learn the basics if you have any accounting background.
Accounts Receivable on my balance sheet?
This is the first time I have been asked to make a balance sheet because the old bookkeeper quit. I have never done one before so I’m learning as I go.
first - Accounts Receivables are monies that have not been paid yet? (invoiced customer but they havent paid)?
second - If the company has not rcvd the money, and all that is owed shows up on the balance sheet, is there some place where it gets offset so that it is not included in income?
What are the Benefits and Costs Associated with a Limited Company?
One primary benefit is Limited Liability. If you maintain the company’s legal status, and avoid personally guaranteeing the company’s obligations, it is the company that would be solely responsible for its own obligations. The shareholders are protected against company failure in that their liability to creditors is limited to their share capital, therefore safeguarding the owner’s personal assets.
However this can sometimes be illusionary. Your main creditor is likely to be a bank, and they would normally require the directors to be guarantors should the company fail. When dealing with banks and other money lenders, avoiding personal guaranteeing may not be possible.
There is also currently a real tax benefit to be achieved from incorporating, as the tax system for companies is very different to that for individuals. For businesses with profits of £10,000 to £15,000 the tax saving could be in the region of £300 to £500. However tax systems and legislation change and the government is taking measures to put a stop to “income shifting” (allocating income purely on the basis to minimise the tax bill rather than the individual contribution to the business) and dissuade small companies incorporating for tax benefits by increasing the corporation tax rates.
Other potential benefits of incorporating (even for one-person operations):
The Company name is immediately protected, as the Registrar of Companies will not allow the registration of another identical Company name. (Please note that Domain Name Registration on the Internet is not automatically protected. Please ring if you require details).
Corporate identity: the sense of image, stability, sophistication, credibility, and permanence results from incorporating.
Raising capital: you can issue stock to investors to raise capital which may be more advantageous than borrowing and making interest payments. A corporation can also issue and sell additional stock.
Continuous life: a company can survive its founders, provided it complies with ongoing legal and legislative paperwork and pays the annual filing fees.
The annual compliance requirements for a company in terms of administration and accounting tend to result in costs being higher with a company than for a sole trader or partnership. Annual accounts need to be prepared in a format dictated by the Companies Act and, in certain circumstances, the accounts need to be audited by a registered auditor.
Also an annual return needs to be completed detailing the directors, share capital etc and any changes in the past year.
For more online accounting information you can view an online accountants knowledge base for free at net-accounting website. It contains a range of frequently asked questions on accounting subjects from business basics to Tax and VAT.
Article Source:http://www.articlesbase.com/accounting-articles/what-are-the-benefits-and-costs-associated-with-a-limited-company-1400826.html