Cash flow diagrams are visual representations of revenue and spending over a period of time. A horizontal line with markers at various time intervals forms the basis of the diagram. Expenses and expenditures are displayed at the proper moments. The circulation of money in and out of a business is referred to as cash flow. […]
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholdings. Not paying your company’s payroll taxes is tantamount to stealing your employees’ money in the eyes of the IRS. As a result, penalties for failing to pay your […]
Processing payroll means compensating employees for their work. It involves calculating total wage earnings, withholding deductions, filing payroll taxes and delivering payment. These steps can be accomplished manually, but an automated process is usually more accurate and efficient and may help you comply with various Are you’re a small business with only a few employees […]
• Restaurant accounting Many restaurateurs try to avoid accounting for restaurants, but it is an essential element of running a business. Restaurant accounting is the process of interpreting and analyzing the revenue, cash flow, inventory, and income statements of a restaurant. It allows you to document all financial transactions of your business and determine its […]