A Complete Guide to Restaurant Payroll

Without it, getting insights into anything related to your restaurant’s moneymaking & spending will be a headache… and getting your taxes done will be especially difficult. The Chart of Accounts includes assets, liabilities, revenue, expenses, and equity. Whether you hire outside help for your bookkeeping or do it all yourself, these 5 restaurant accounting concepts break down the basics… in…

Gross Income vs Earned Income: What’s the Difference?

And even if you have no income, it still may be wise to file a tax return. For businesses, the https://www.capitalcaptions.com/category/subtitles-and-captioning/page/12/ or gross profit calculation is slightly different. It’s determined by subtracting the cost of goods sold (COGS) from total revenues. Most tax jurisdictions exclude gifts and inheritances from gross income. These are typically not…

HOA Accounting Services Financial Management for HOAs CSM

Consequently, you’ll have access to top accounting software and a focused HOA accounting bookkeeper who can provide you with several different options and plans. These plans will help your company achieve any short or long-term goals you have with the community. Slatter Management provides accounting services to homeowners associations and condos. The company’s services include…

Capital Account: Definition, Measurement, Examples

Understand the concept of normal balance in accounting and its significance in finance. Explore how it affects financial statements and reporting accuracy. When an account produces a balance that is contrary to what the expected normal balance of that account is, this account has an abnormal balance. Let’s consider the following example to better understand abnormal…

Full disclosure principle definition

Congress do not wish to impede the ability of companies to raise their capital through their stock offerings by requiring full disclosure, but they hope to keep the market honest and fair. Gain unlimited access to more than 250 productivity Templates, CFI’s full course catalog and accredited Certification Programs, hundreds of resources, expert reviews and…