Category: Bookkeeping

BeachFleischman provides tax, audit, and advisory services to construction companies and contractors in Phoenix and across Arizona. If you have questions or would like additional information about our services, complete the form below and a team member will follow up shortly. We specialize in helping contractors and construction companies of all types and sizes with…

This phase involves reclassifying the asset on the balance sheet, signifying its readiness for productive use. Once an asset is complete and operational, it should be reclassified as a fixed asset, requiring a comprehensive review to ensure all capitalized costs are accurately accounted for. This automation helps contractors easily keep both systems up-to-date and accurate.…

We also ensure that the software offers most standard accounting features and reports, awarding higher rankings to those that provide advanced services, like tax filing. This — in addition to a recent monthly pricing increase — lowered our score for QuickBooks Online pricing to 3.2/5. QuickBooks Mac Plus — also known as QuickBooks for Mac…

There are six QuickBooks versions that allow business owners to manage their accounting and finances. Each QuickBooks product varies in price, features, usability, and target audience. If you’re a small business looking for accounting software, you might want the Simple Start Plan, which allows you to create and manage invoices, estimates, bills, and sales taxes.…

If you do not want to apply for a PTIN online, use Form W-12, IRS Paid Preparer Tax Identification regression basics for business analysis Number Application. A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws. It is issued either by the Social…

Additionally, if you make errors in updating or recording transactions, the GL account balances will be incorrect. Balancing the books used to be a demanding task, but with the helpful general ledger templates and accounting software, it is easy to automate the process, so you can focus on growing your business. In the following article,…

This article provides a comprehensive overview of what you need to know about retained earnings, but feel free to jump straight to your topic of focus below. However, for other transactions, the impact on retained earnings is the result of an indirect relationship. Retained earnings (RE) are calculated by taking the beginning balance of RE and adding…

When you run into questions or have to make an important business decision, we’ll always make time to offer sound advice. At the core of each of our services lies a commitment not just to manage numbers, but to empower our clients with actionable insights and personalized support. By leveraging cutting-edge technology and a team…

Rachel is a Content Marketing Specialist at ShipBob, where she writes blog articles, eGuides, and other resources to help small business owners master their logistics. Yes, ShipBob’s lot tracking system is designed to always ship lot items with the closest expiration date and separate out items of the same SKU with a different lot number.…

Implicit expenses are subjective because businesses make judgments to calculate them. The rule for cash profit is that if the cash inflows of a business exceed its inflows, it is said to have made a cash profit. These may include material, labor, production overhead, sales, marketing, and administrative expenses, among many others. The opportunity cost…