Bookkeeping

Mixing business and personal funds can lead to errors in financial reporting and tax filing. It’s essential to keep separate accounts for business expenses and income to ensure accurate bookkeeping. Bookkeepers manage payments to subcontractors, ensuring that invoices are processed and paid on time. They also ensure proper documentation of these transactions, such as 1099 …

Director III, Accounting Services MAN-394 2 at Sacramento City Unified School District Read More »

When a vendor invoices a business with net terms, they’re providing a finite period of time for their invoice to be resolved — usually within a 30, 60, or 90-day payback period. If a net terms meaning buyer doesn’t comply within this period, a supplier can insist that they pay them back with interest accrued. …

A Guide To Net Terms for Small Businesses Read More »