Category: Bookkeeping

Depreciation is the act of writing off an asset’s value over its expected useful life, and reporting it on IRS Form 4562. The double declining balance method of depreciation is just one way of doing that. Double declining balance is sometimes also called the accelerated depreciation method. Businesses use accelerated methods when having assets that..

For cleaning business bookkeeping for cleaning business looking to get paid using Quickbooks, you can do so easily. Payment collection options can be turned on in the “Company Settings” of the software under “Payments”. Once an invoices is created, the payment option will be available on invoices and turned on. Initial expenses In the world..