QuickBooks for Construction: Bookkeeping with Pro Integrations
By customizing the chart of accounts, construction businesses can obtain a clearer understanding of their financial position, enabling them to make informed strategic choices. At RedHammer, we specialize in providing tailored accounting solutions for construction companies using QuickBooks Online. Our expertise ensures that your accounting system is set up correctly, optimized for your specific needs, […] Read More
Lesson 7: Calculating Sales Tax
Certain goods and services are exempt from sales tax, depending on the state and local jurisdiction. Common exemptions include groceries, prescription drugs, and medical equipment. Some states also have special tax holidays during which sales tax is waived for certain purchases, such as back-to-school supplies or energy-efficient appliances. Calculating sales tax accurately is a critical […] Read More
How Do You Analyze a Bank’s Financial Statements?
The Dodd-Frank Act also introduced new regulations for banks, such as stress testing and living wills, which have increased the level of disclosure and transparency in bank financial statements. The balance sheet is a snapshot of the bank’s financial position at a specific point in time, usually at the end of the reporting period. Assets […] Read More
