LLC vs. S-Corp, the difference defined here.

QuickBooks for Real Estate is a powerful tool for real estate investors, owners, and managers. The versatile system provides a simple and fast method of managing financial accounts. QuickBooks can be easily set up to match any type of real estate investment, including commercial, residential, vacation rental, or pure investment in real estate. With the flexibility of the Chart of Accounts, managing expenses and tracking revenues becomes effortless. The system allows for quick analysis of financial data, making it a must-have tool for real estate investors. Regular data input is key to ensuring QuickBooks provides up-to-date information for optimal investment analysis. Discover the full benefits of using QuickBooks for Real Estate.

The practice of accounting for real estate has a long history, dating back to ancient civilizations where records were kept of land ownership and tax payment. The Catholic Church played a significant role in the development of accounting for real estate during the Middle Ages, leading to the development of the double-entry accounting system. The Industrial Revolution led to the development of modern accounting principles and professional organizations such as the ICAEW and AICPA. Today, the accounting for real estate is governed by international standards such as IFRS and GAAP and involves the valuation of properties and management of property assets. Technology has had a significant impact on the accounting for real estate, making it easier for property managers to track financial transactions and generate reports through computerized systems. The history of accounting for real estate reflects the evolution of the real estate industry, and it is likely to continue to adapt and change as the industry evolves.

Whether you're just starting in the business world or have been at it for years, these bookkeeping tips will help you run your photography or videography business like a pro.

Are you a business owner who hires contractors? If so, it's essential to know how to file 1099 forms for them to make sure you and your employees can do your annual taxes correctly.

If you run a small business, chances are high that you don’t have the resources to handle an elaborate budget. That’s why it’s so important to have a basic understanding of how your business is allocating its money. A properly planned business budget will not only save time when finalizing expenses but also keep you from overspending.

As the owner of your own business, you have the privilege and responsibility to set your salary. Many people would assume that this means you get to take home a nice check every payday—and they wouldn’t be wrong.

Finally, we will give you some tips on how to improve your chances of getting an SBA loan.

Whether you want to start a small bookkeeping business or a compete with the large international firms, the first place to start is with a business plan for your bookkeeping business. Why is a business plan for a bookkeeping business the most important first step to start? There are multiple reasons:

Companies with a fractional CFO model report higher profitability than those without one. In fact, according to a study by the Boston Consulting Group (BCG), companies with a fractional COO model generate $1 billion in annual revenue and $2 million in annual profit.

Bookkeeping Basics For The Small Business Owner