You will then be redirected back to your Zoho Billing account, where you can configure the integration. The inventory adjustments that you make in Zoho Inventory will also be recorded in the journal in QuickBooks. Receive your data from a wider range of services in multiple formats, like JSON, form ...

Since the inventory is still owned by the supplier, it does not count toward your actual inventory valuations when counting assets for financial reports or tax purposes. However, proper management of consignment inventory is crucial for internal business decisions and ensuring a smooth sales process...

On the other hand, income refers to what is left over after the firm’s costs and expenses have been deducted from the revenue. Taxes, property expenses, legal dues, and payroll are typical expenses law firms must deduct from revenue to get income. Mixing up the two can give you a false picture...

Manufacturers may struggle to track the status of invoices, identify outstanding payments, and forecast cash flow accurately. Additionally, errors can lead to strained supplier relationships if payments are delayed or incorrectly processed. The manufacturing sector’s reliance on precise cost manag...

There are several types of business bank accounts, each with its own purpose and benefits. Accrual accounting provides a more accurate picture of a business’s financial health than cash accounting, as it considers all of the financial transactions for a given period. This accoun...

A 1040 is the tax return form you prepare here to send to the IRS. If you start entering data in this software you are preparing a Form 1040. Also like many of her clients, she has routinely paid U.S. taxes in the past using what’s known as an individual taxpayer identification number, or ITIN, [&...