Content What materials will I have access to after completing Financial Accounting? What Is Shareholders’ Equity in the Accounting Equation? Financial Accounting questions and answers Business Case Studies Analyzing Financial Statements It s cash on hand, in the bank and in petty cash. Here is a sample balance sheet for the Doodads Company. Equity typically refers to shareholders’ equity, which represents the residual value to shareholders after debts and liabilities have been settled. The global adherence to the double-entry accounting system makes the account keeping and tallying processes more standardized and more fool-proof. Debt is a liability, whether it is a long-term loan or a bill that is due to…

Content Share “Microsoft Dynamics ERP and Retail” QuickBooks Essential Features Process or review payroll and approve tax payments Evaluating SME Accounting Key features QuickBooks Enterprise is a good solution for businesses that have outgrown other QuickBooks products but arent quite ready for the complexities or expenses of full ERP software. The cost and number of features make this software unsuitable for smaller businesses, while very large businesses with more than 40 users may also need to seek out other accounting solutions. FINSYNC is a great option for medium to larger businesses with multiple users looking for advanced features and cash flow management — plus, FINSYNC could be cheaper than both…

Content General Ledger (G/L) Accounts Tax Guidance for U.S. Residents How To Calculate Gross Pay Withholding Tax on Foreign Payments What Is Gross Pay? Your Pay You’ll generally see these fields marked as the acronym “YTD” (year-to-date) on your pay stubs. We recommend a few different free payroll templates, which both record your employees’ wages and automatically generate pay stubs. [See above for a full list.] Additional information may be present on the stub depending on state or local requirements. Federal income tax withholdingEmployers withhold federal income tax from workers’ pay based on current tax rates, Form W-4, and Employee Withholding Certificates. This post will give you a crash course…