Category: Bookkeeping

He has experience with industrial logistics and data analytics, driving creative solutions to complex business problems. MERU’s Strategic Partner network is comprised what is a trial balance of 130+ industry and functional subject matter experts. Our Strategic Partners are an integral part of the MERU team and allow us to get up to speed quickly […]

Sub-ledgers are great for accounts that require more details to review the activity, such as purchases or sales. Understanding what an accounting ledger is and its importance to your business finances can help you organize and track transactions more easily. You can save time on bookkeeping tasks with QuickBooks experts by your side. QuickBooks Online […]

As business transactions occur during the year, they are recorded by the bookkeeper with journal entries. After an entry is made, the debit and credit are added to a T-account in the categorized journal. At the end of a period, the T-account balances are transferred to the ledger where the data can be used to […]

However, this sometimes created issues down the road, causing the employee to pay additional taxes at the end of the tax year. The form has changed to use a more comprehensive formula for determining tax withholdings. A W-4 with the 0 or 1 question indicates that your employer is using an outdated W-4 form. A […]

Some terminology may vary depending on the type of entity structure. “Members’ capital” and “owners’ capital” are commonly used for partnerships and sole proprietorships, respectively, while “distributions” and “withdrawals” are substitute nomenclature for “dividends.” Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of […]