Bookkeeping

How To Open and Access an Offshore Bank Account

The primary uses of offshore accounting include tax minimization, asset protection, diversification of investments, and maintaining financial privacy. Trust is essential for any successful team and offshore accounting teams are no exception. Without trust, it can be difficult for team members to collaborate effectively. To avoid this, CPA firms should…
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AI in Finance: Applications, Examples & Benefits

Existing regulatory and supervisory requirements may need to be clarified and sometimes adjusted to address some of the perceived incompatibilities of existing arrangements with AI applications. Interestingly, AI applications risk being held to a higher standard and thus subjected to a more onerous explainability requirement as compared to other technologies…
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QuickBooks Desktop, Compare QuickBooks Desktop to Online

Give customers transparency and proof of payment through the whole process. Enterprise is our best-in-class business management solution. Clarify complexity with efficient inventory management and integrated payroll and time tracking. Plus, with access for up to 40 users, Enterprise can scale with your business as it grows. QuickBooks Desktop software…
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Which Transactions Affect Retained Earnings?

For an analyst, the absolute figure of retained earnings during a particular quarter or year may not provide any meaningful insight. Observing it over a period of time (for example, over five years) only indicates the trend of how much money a company is adding to retained earnings. It can…
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About Bench Accounting

We tried in December they said we had to have done it by November and now we must use their horrible services for a second year in a row after trying to cancel. We want to hire our own personal bookkeeper who we choose going forward but we’ve been stuck…
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Year End FAQs: Filing & Paying Taxes

QuickBooks has its own payroll function that can calculate and run payroll as often as you need automatically. Employees or subcontractors can enter their own time as they progress through the day, or a bookkeeper can enter their weekly time if the employee submits a manual timesheet. Time entered and…
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