Quick Books
The firm’s monthly support includes filing scheduled City and State B&O returns, preparing end-of-year 1099s, and integrating third-party payroll platforms. The company has a monthly blog focusing on QuickBooks Online features and trends. Downing & Co. is a leading estate planning CPA firm dedicated to helping high net worth individuals and small businesses save up […]
Inventory Write-Off Journal Entry + Example
Inventory write-off can have a significant impact on a company’s financial statements. The first step in accounting for obsolete inventory is to identify it, Accounting Tools explains. Larger companies set up a materials review board to judge when inventory is worthless. They can do this by reviewing paper records or performing a physical inspection. Generally […]