How to Depreciate Assets
Depreciation is the recognition of an asset’s cost over a longer period of time (i.e. years vs. absorbing a major expense all at once). Depreciation begins when a business places an asset in service, and ends when the business has fully recovered the asset’s cost — OR when the taxpayer retires it from service, whichever […]
The Difference Between 1099 Contractors and W-2 Employees
As bookkeepers, we often have clients ask us about the difference between a 1099 contractor and a W-2 employee. It’s actually a pretty straightforward question to answer: Employees who you pay either hourly or by salary should receive a W-2, while an employee you pay based on a contract with a defined term should receive […]
How to Choose a Merchant Processor
Knowing 4 details can help you choose a merchant processor that will deliver more than just a low rate.
More Invoicing Tips & Tricks
Today I want to talk through invoicing features and some other important aspects of invoicing. Great Invoicing Features Most invoicing modules have pre-built tools to gain efficiency and consistency. Some examples of these tools are listed below: Recurring invoices – most invoicing add-ons and accounting software applications have a recurring feature for invoices. Utilize this […]
Invoicing Tips & Tricks From a Master Bookkeeper
Branding Your invoice is often either the first or last indication of your brand, depending on whether you bill before or after service. You should trademark your invoice in common with your business. Not only should it include your actual brand logo and contact details, but it should match your company image in tone, terminology and character. […]
Mobile Payments: What To Look For In The Near Future
In recent history, payments have been making a change from the traditional use of cash, to payments with cards, to now using our mobile hand-held devices. The transition into mobile devices has been one that started off slow in 2011 with Google creating the platform Google Wallet, but now is increasing rapidly with the likes […]