Category: Bookkeeping

However, the federal minimum wage has not increased since July 2009. The Puerto Rico Minimum Wage Act, passed by the territorial legislature in 202167 started raising the local minimum wage above the federal minimum. The authors suggested a more effective way to improve the long-run lot of low-income workers than large increases in the minimum […]

Automated alerts act as an early warning system for potential issues. Overall, scheduled financial reports and notifications remove the need for manual monitoring while increasing financial visibility. For companies that outsource Airbnb Accounting and Bookkeeping payroll, the accountant can easily import payroll summary reports. What features does GoDaddy Bookkeeping include? It surpasses the options offered […]

Similarly, your insurance company might automatically charge your company’s checking account each month for the insurance expense that applies to just that one month. Note that the ending balance in the asset Prepaid Insurance is now $600—the correct amount of insurance that has been paid in advance. The Certified Bookkeeper income statement account Insurance Expense […]