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How to Effectively Do Bookkeeping for a Law Firm – Tips from an Accountant and Bookkeeper

image represents How to Effectively Do Bookkeeping for a Law Firm

What is bookkeeping? Bookkeeping is a process of recording, classifying, and summarizing financial transactions to provide accurate and up-to-date financial data. This is important for law firms because it helps them stay compliant with regulations and track their finances. The benefits of bookkeeping for a law firm include having accurate financial data, staying compliant with … Read more

How to Do Bookkeeping for Etsy and Shopify

image represents How to Do Bookkeeping for Etsy and Shopify

Introduction In order to do Etsy and Shopify bookkeeping, you must keep track of your inventory levels. This can be done by keeping a running tally of what you have in stock, or by using a software program like InventoryLab. Next, you need to track your sales. For each sale, you’ll need to know the … Read more

Amazon FBA Fees in 2022: All An Amazon Seller Needs To Know

Amazon FBA Fees in 2022

If you are an Amazon FBA seller, you must read this article for the following reasons: What are the Various FBA Features and Services For Which Amazon Charges Fees? Amazon FBA Fees for FBA Services Including Fulfillment When it comes to selling products online, you know how important it is for your customers to receive … Read more

Accounting GAAP: Why SaaS Companies Are Struggling With Financial Reporting?

SaaS Accounting GAP

If you are a SaaS business owner, you must read this article to know: Why Accounting GAAP Financial Statements Don’t Work For SaaS? Accounting for SaaS Companies The world economy has shifted from an industrial to a knowledge-based economy. Such a transition has led to an increase in the number of SaaS-based firms across the … Read more

The Ultimate Guide To SaaS Accounting Basics

SaaS Accounting Basics

If you are a SaaS business, you must read this article to know: What are SaaS Accounting Basics? How is SaaS Accounting Different From Traditional Accounting? What are The Different Types of SaaS Accounting? SaaS products and services have become indispensable given the speedy transition to digitization. With more and more SaaS startups rolling out … Read more

Form 1099-K Requirements 2022: A Complete Guide

Form 1099-K Requirements 2022

If you are an eCommerce business, you must read this article to know: What is Form 1099-K and Why is it Important for an eCommerce Business? Who Is Required to File Form 1099-K? What Are The Form 1099-K Requirements 2022? Merchants selling products and services online undertake payment transactions through a number of methods. Few … Read more

How To Record SaaS Deferred Revenue?

SaaS Deferred Revenue

If you are a SaaS business, you must read this article to understand: What is Deferred Revenue in SaaS Business? How To Record Deferred Revenue Journal Entry? How to Calculate SaaS Deferred Revenue? SaaS Deferred Revenue  Deferred Revenue refers to the revenue that a SaaS business generates before delivering the product or service to the … Read more

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