TheWalnut Creek CityScoop

Accounting News
Walnut Creek, CA

Hiring a Bookkeeper Reason 3 | YTD – Year to Date Totals

YEAR TO DATE TOTALS are numbers that show you the picture of your companies financial situation. These numbers are reflected on your tax returns and are on your balance sheet. When your looking for end of year totals you need to look at the cash in the company and the debt as well as the equity of the company. The following will help you understand what you…

Hiring a Bookkeeper – Reason 2 | Selecting the right Chart of Accounts

Selecting the right Chart of Accounts A chart of accounts should be designed for each business' individual needs. Quickbooks offers several pre-designed charts of accounts. For selected industries, however, these pre-designed charts of accounts are to be used only as samples. You need to remove or re-title those accounts. This process needs to be t…

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