Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank account information. Create beautiful invoices, accept online payments, and make accounting easy—all in one place. Enable invoice payments through credit card, bank and Apple Pay. Processing fees […]

Get your bookkeeping, income tax prep, and filing done by experts—backed by one powerful platform.From startups to agencies, Bench works with Dallas small businesses. In the construction business, everything comes down to the contract. And that’s unfortunate because most of the people who make… Top Accounting Software for Contractors With our support, your business will […]

Refer to the appropriate tax forms and instructions, based on what type of taxpayer the shareholder is (individual, corporation, trust, other), for more information. S corporation excise tax filers pay the minimum tax or calculated tax, whichever is greater. S corporation income tax filers pay calculated tax (if any), but not minimum tax. Registering your […]

They frequently need to communicate their findings to non-accounting professionals, including lawyers, judges, and juries. Despite their technical expertise, forensic accountants’ work is not confined to the walls of numbers and data. Given the precise nature of their work, forensic accountants must exhibit exceptional attention to detail. Every transaction, every entry, and every discrepancy could […]

Withholding is a payroll deduction that is given directly to a federal, state or local authority for the purpose of paying applicable taxes. Deductions are funds subtracted from one’s total earnings to pay for things like taxes, benefits and garnishments. 401(k) contribution limit is the cumulative cap of funds an employee may elect, often for retirement plans. This […]

Since you’ve confirmed that you’re using your accountant account to attempt the batch undo of transactions, you should indeed have access to this feature. That said, the problem you’re experiencing is a possible cause of a cache issue. Browsers use cache to speed up the loading of web pages, but over time, it accumulates and […]

If you use a different version, you can undo a reconciled statement by manually unreconciling each transaction. From the Dashboard, navigate to the ‘Accounting’ tab and select ‘Reconcile’ under the ‘Tools’ section. Once on the Reconcile Page, you can choose the relevant bank account for reconciliation adjustments. Click on ‘Account’ to access the dropdown menu […]

The mobile app is free with every subscription, and is compatible with iOS and Android. Looking at Xero vs. Sage, you can see they stack up quite well. Because both software come with a 30-day free trial, you’ll have plenty of time to give each a test run before committing. However, there are some key […]

In addition, a business that needs to invest its resources in a project without knowing the risks and returns engaged in will be considered irresponsible by its owners or shareholders. Capital budgeting describes the process which companies use to make decisions on capital projects, i.e., projects whose lifespans can either be one year or more […]

It’s a bit like our earlier example with the bank statement, but this process is broader. Often, this process involves comparing internal financial records against monthly statements issued by external sources, like banks. Secondly, account reconciliation helps identify fraudulent activity committed by employees, dishonest customers, vendors, suppliers, or cyber-thieves. What Is the Difference Between Account […]