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Bookkeeping

What Is Bookkeeping? Definition, Tasks, Terms to Know

It is for this reason that I highly recommend Alicia Bishop and Therapeutic Bookkeeping. Alicia shows a level of care and compassion with each client which is hard to find in many professional services. Alicia stresses the importance of making sure each client understands their financial story in a way that is clear, comprehensive, and...
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What Are Assets, Liabilities, and Equity?

Capital essentially represents how much the owners have invested into the business along with any accumulated retained profits or losses. The capital would ultimately belong to you as the business owner. In the case of a limited liability company, capital would be referred to as ‘Equity’. Metro Courier, Inc., was organized as a corporation on...
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What Is the Average Checking Account Balance in the U S.?

It is also known as the total wealth or net worth since it excludes any form of debt or obligation from the total amount. View today’s mortgage rates or calculate what you can afford with our mortgage calculator. If you try to spend more than you have available, you could bounce a check, overdraw your...
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AI in Finance 2022: Applications & Benefits in Financial Services

By analyzing intricate patterns in transaction data sets, AI solutions allow financial organizations to improve risk management, which includes security, fraud, anti-money laundering (AML), know your customer (KYC) and compliance initiatives. AI is also changing the way financial organizations engage with customers, predicting their behavior and understanding their purchase preferences. This enables more personalized interactions,...
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Appraisal Costs: Definition & Examples

Our work has been directly cited by organizations including Entrepreneur, Business Insider, Investopedia, Forbes, CNBC, and many others. Using our proprietary cost database, in-depth research, and collaboration with industry experts, https://www.simple-accounting.org/ we deliver accurate, up-to-date pricing and insights you can trust, every time. In general, if you live in a larger home or in an...
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4 Factors of Production Explained With Examples

After signing the lease for the salon and purchasing the required hair cutting equipment, the manager now has to find workers to offer haircuts. The more haircuts he wants to offer every hour, the more workers he needs to hire. For this reason, his variable costs are increasing as his production (or service) increases. The...
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Appraisal Costs: Definition & Examples

Appraisers are busy, so any information (enhancements and what you paid) is usually welcome. If you provide a list and leave it on the kitchen counter or personally hand it to the appraiser, they will most likely use that information to determine your home’s value. A Member of the Appraisal Institute (MAI) will often conduct...
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12 Common Tax Write-Offs You Can Deduct From Your Taxes

For more information on finding a tax return preparer who provides IRS e-file, see Authorized IRS e-file Providers for Individuals on IRS.gov, or go to IRS.gov/uac/Authorized-IRS-e-file-Providers-for-Individuals. The inclusion in this database does not constitute any endorsement by the IRS of the e-file Providers listed in this database or any of the products or services that...
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Non-cumulative Dividends: Everything You Need to Know

The dividend rate is determined at the time of issuance and is typically expressed as a percentage of the par value of the stock. The dividend is paid to shareholders before any dividends are paid to common stockholders. Let’s say an investor owns 100 shares of ecommerce firm PricedToSell, and the company’s board of directors...
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Small Business Tax Preparation Checklist: Get It Here

Finally, make sure that you keep important documents, such as receipts, canceled checks, and bills, so you can be prepared if your return gets audited by the IRS. Income sources include revenues from your business operations and any investment or secondary income. Calculating Stripe fees for customer payments is easy with our calculator. Enter the...
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