Bookkeeping vs Accounting: What’s the Difference?

Your bookkeeper might also prepare other auxiliary reports for your business, like accounts payable and accounts receivable aging reports. You can use these to make business decisions, but they should not be presented as audited, certified or official financial statements. A small business can likely do all its own bookkeeping using accounting software. The …

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What are Miscellaneous Expenses?

At the bottom of the list, on line 9270 in other expenses, write in miscellaneous expenses with the total amount on the right-hand side. Add this amount to your other business-related expenditures within the form, and calculate the total expenses for deduction purposes. Tax deductions can be made on misc expenses, just like any other operating expense …

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Pricing and Plans

Simple Start runs basic reports, including cash flow statements, profit and loss (P&L) statements, and balance sheets. Some of the other 20-plus built-in standard reports available include P&L by month and customer, quarterly P&L summaries, and general ledger. Our internal case study compares the four QuickBooks Online versions across major accounting categories and functions to …

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