Examples of Prepaid Expenses - When you own a business, it may be hard for you to figure out your profit. In fact, it’s quite easy to keep track of with good bookkeeping techniques such as balance sheets. A balance sheet helps account for liabilities and assets. Liabilities are what you need to…
How to Prepare a Balance Sheet Businesses require a lot of paperwork, from cash flow statements to profit and loss statements to income statements and so much more. Even if the industry is getting more paperless, everyone is still stuck with the tedious work. Many of these financial statements are broken down into multiple parts,
Car Mileage Deduction - Florida Last week, this Miami Beach bookkeeping company helped you understand how to write off meals on your tax return, so this time we’re taking a closer look at car mileage deductions. If you use your car for business purposes, you can deduct its cost of operation, but if you use
Business Meal Write-Off Being able to write off meals when meeting clients is one way to offset some of the costs of running your own business. Along with car mileage, office supplies and traveling expenses, writing off meals is a one of the perks of owning your company. However, your Miami Beach Bookkeeping Department advises