Experience with accounting software, attention to detail, and good communication skills are also important qualifications to consider. For more information, check out our article on what bookkeeping is and what a bookkeeper does. Many small businesses utilize receptionists and office managers to handle back-office accounting tasks. Your bookkeeper will also need to manage and oversee […]
Category: Bookkeeping
IRS Form 990: What Is It?
Check the “Amended return” box in Item B of the heading of the return. Also, list in Schedule O (Form 990) which parts and schedules of Form 990-EZ were amended and describe the amendments. Tax-exempt political organizations must file Form 990 or 990-EZ unless their annual gross receipts are less than $25,000 during the tax […]
Guide to Debit Memorandums
When you receive notification of a debit, you’ll want to take it into account when balancing your bank account. Even if you have no money in your account, you can go into a negative balance. Credit memos can be seen as a https://www.bookstime.com/articles/managerial-accounting reduction in sales revenue, as the amount credited is subtracted from the […]