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QuickBooks Online vs Desktop: Pros and Cons
We believe everyone should be able to make financial decisions with confidence. The company has updated its help centers to be more user-friendly, but there’s still no email support. Both options, however, are working to reduce long hold times on the phone by now...
Cash Basis Accounting vs Accrual Accounting Bench Accounting
If your business makes less than $25 million in annual sales and does not sell merchandise directly to consumers, the cash basis method might be the best choice for you. It’s important to note that this method does not take into account any accounts receivable or...
Depreciation Causes, Methods of Calculating, and Examples
This means that there will be a large difference between tax expense and taxable income at the beginning of the accounting period. Because large losses are realized early, the tax benefit will be spread over a longer period. Capital assets such as buildings,...