The process of cycle counting involves regularly scheduled counts of a subset of inventory, in contrast to a full inventory count, which is typically conducted less frequently. The data garnered from these counts is a goldmine of insights, revealing patterns and trends that can inform better deci...

The totals are reported on Form W-2 which you’ll receive from your employer after the close of the tax year. Simply ask your employer for a new W-4 form to fill out or access the current year’s version online. This information is necessary if you plan to claim tax breaks such as the Child Tax […]...

Sales Tax is an additional charge levied by states on the retailer who then passes it to the customer. To illustrate this, look again at the sales gl codes – dash journal of Jarvis Gift Shop. On 12 March, Lisa Chadwick returned merchandise she bought on 9 March for $32.50 plus $1.95 sales tax. ...

This blog post will share everything you need to know about sole trader accounting. Now that you know how to find the right accounting software for you, you’ll need to think about what you’ll need to log. Free trials are essential to take advantage of when choosing your accounting software, a...